Montgomery, Ala. (WDNews)
– Alabama has joined a massive $7.4 billion settlement with Purdue Pharma and its owners, the Sackler family, to resolve nationwide litigation over their role in fueling the opioid epidemic.
Under the agreement, Alabama is set to receive up to $75 million over the next 15 years, with most of the funds distributed in the first three. The money will support local addiction treatment, prevention and recovery programs.
“Today is a testament to our steadfast commitment to providing justice and holding the Sackler family and Purdue Pharma accountable,” Attorney General Steave Marshall said. “With prudent decision-making, we can make a difference for our communities and law enforcement who desperately need the support.”
The settlement will end the Sacklers’ ownership of Purdue and their ability to sell opioids in the U.S. The initial payments include $1.5 billion from the Sackler family and $900 million from Purdue, followed by additional installments over three years.
The agreement now awaits approval from the bankruptcy court before local governments are asked to officially sign on. Alabama joins 54 other states and U.S. territories in backing the settlement, which is the largest of its kind with individuals connected to the opioid crisis.
To date, Alabama has secured nearly $730 million in total settlements from companies linked to the epidemic.
