by Will Feuer and Ben Feuerherd at The New York Post
New York, New Jersey and 13 other states that previously opposed a controversial bankruptcy plan for Oxycontin maker Purdue Pharma have reached a deal that clears the way for a $4.5 billion settlement — possibly the “most that individuals have ever paid for breaking the law.”
As part of the plan, Purdue agreed to release millions of documents that detail the company’s role in the opioid epidemic, which has killed hundreds of thousands of Americans.
Under the terms of the deal, the company’s owners, the Sackler family, will fork over an additional $50 million, a relatively modest amount from the family’s estimated fortune of $11 billion.
The Sacklers will also give up ownership of the bankrupt drug company and relinquish control of family foundations that hold about $175 million in assets, bumping the total amount to $4.5 billion.
The terms of the deal were laid out in a late Wednesday filing by a mediator in US Bankruptcy Court in White Plains, NY…
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