Purdue Pharma submits opioid lawsuit settlement plan, including up to $7 billion cash from Sacklers

Members of the Sackler family who own the OxyContin maker Purdue Pharma would hand over the company and up to $7 billion in cash in the latest plan to settle thousands of lawsuits over the toll of opioids

Topics

Purdue Pharma submits opioid lawsuit settlement plan, including up to $7 billion cash from Sacklers

Members of the Sackler family who own the OxyContin maker Purdue Pharma would hand over the company and up to $7 billion in cash in the latest plan to settle thousands of lawsuits over the toll of ...
ABC News - 3d
Purdue Pharma asks bankruptcy judge to accept new settlement plan

Purdue Pharma has filed a new bankruptcy plan as part of a $7.4 billion settlement to resolve thousands of lawsuits over the company's alleged role in the opioid crisis, months after the Supreme ...
The Hill - 2d
Potential $7.4B Purdue Pharma opioid settlement frustrates some victims

Opioid victims are not getting a "fair shake" in potential $7.4 billion settlement, a claimant in the Purdue Pharmacy bankruptcy case says.
CBS News - Mar. 9
Claimant: Opioid victims not getting justice in proposed Purdue settlement

Here's why people alleging Purdue Pharma's opioids harmed them may not see much of the proposed $7.4 billion settlement in a bankruptcy case.
CBS News - Mar. 9
Statement of Purdue Pharma to 60 Minutes

Purdue Pharma provided the following statement for 60 Minutes' report Sunday, "The Settlement."
CBS News - Mar. 9
Mallinckrodt and Endo plan merger as they look to recover from opioid litigation

The new entity will be listed on the New York Stock Exchange and is expected to generate pro forma revenue of $3.6 billion in 2025 and at least $150 million of annual operating synergies by year ...
MarketWatch - Mar. 13
Roche shares pop 5% on $5.3 billion obesity drug deal with Zealand Pharma

Swiss pharmaceutical giant Roche said Wednesday that it had struck a deal worth up to $5.3 billion to develop Zealand Pharma's obesity drug candidate.
CNBC - Mar. 12
3/9/2025: Firing the Watchdogs; The Settlement; A Method to this Madness

First, a report on the significance of President Trump firing independent government watchdogs. Then, a look inside the Purdue Pharma bankruptcy case. And, Dan Hurley: The 60 Minutes Interview.
CBS News - Mar. 10
Tampa Bay Rays withdraw from planned $1.3 billion ballpark, citing storms and delays

The Tampa Bay Rays on Thursday withdrew from a $1.3 billion ballpark project, citing hurricanes and delays that likely will drive up the proposal’s cost.
NBC News - Mar. 13
Tampa Bay Rays withdraw from planned $1.3 billion ballpark in St. Petersburg, citing storms, delays

The Tampa Bay Rays on Thursday withdrew from a $1.3 billion ballpark project, citing hurricanes and delays that likely will drive up the proposal’s cost
ABC News - Mar. 13
CoreWeave aims to raise up to $2.7 billion in IPO

In its updated IPO prospectus on Thursday, CoreWeave said it plans to sell shares at $47 to $55 each, raising a total of up to $2.7 billion.
CNBC - 1d
Mallinckrodt and Endo to combine after emerging from bankruptcy linked to opioid crisis

Groups have resolved billions of dollars in claims for selling highly addictive painkillers
Financial Times - Mar. 13
Roche takes big step in weight-loss field with $5.3 billion deal. Novo Nordisk shares fall.

Swiss drugmaker Roche on Wednesday announced a major deal in the weight-loss category, agreeing to pay up to $5.3 billion to Zealand Pharma in a licensing and development deal.
MarketWatch - Mar. 12
Lions formally submit 3 NFL rule changes, including a big change in defensive penalties

The Lions formally submit 3 rule changes to the NFL for a vote, including a big change to defensive penalties than can help Detroit right away
Yahoo Sports - 2d
Other states are preparing for the House NIL settlement. But can Florida schools compete?

Facing new costs for compliance with the NCAA lawsuit, and even more spending to potentially match competitors, Florida universities are full of trepidation with the settlement agreement looming.
Yahoo Sports - 5d
Newsmax reveals it agreed to pay Smartmatic $40M in settlement with the voting machine company

Newsmax agreed to pay Smartmatic $40 million as part of a settlement last year following the voting technology company’s election defamation lawsuit against the right-wing news outlet, according to ...
NBC News - Mar. 14
Americans lost $5.7 billion to investment scams in 2024, FTC says. Here's how to protect yourself

Americans lost $5.7 billion to investment fraud in 2024, up 24% from 2023, according to the Federal Trade Commission.
CNBC - Mar. 15
iRobot’s Future in Doubt as Board Explores Options, Including a Potential Sale

A year after Amazon abandoned its plan to purchase iRobot for $1.4 billion, the Roomba-maker warns it may not be able to continue to operate.
Inc. - Mar. 12
Michigan 86, Purdue 68: Postgame Video

© Trevor Ruszkowski-Imagn Images Joshua Facemyer Purdue will play in the NCAA Tournament, but it appears to be limping in. Michigan pulled away from Purdue as the Wolverines used a ...
Yahoo Sports - Mar. 15
House GOP budget plan would cut domestic spending by $13 billion

House Speaker Mike Johnson has unveiled his plan to avert a government shutdown by Friday night. The short-term stopgap bill would fund the government until Sept. 30, increase defense spending by ...
CBS News - Mar. 10
Paramount says Trump's CBS '60 Minutes' lawsuit seeks to 'punish' network

Paramount on Thursday asked a federal judge in Texas to dismiss the $20-billion lawsuit. The media company separately has agreed to have a mediator look at the case.
Los Angeles Times - Mar. 6
Google to acquire cloud security startup Wiz for $32 billion after deal fell apart last year

Google signed a "definitive agreement" to acquire Wiz for $32 billion in an all-cash deal
CNBC - 3d
Purdue star Trey Kaufman-Renn alleges racist comments made by Illinois fans toward 13-year-old brother

Purdue is reportedly planning to file a report to the Big Ten over the incident
CBS Sports - Mar. 8
Social Security to increase overpayment withholdings to 100% from 10%

The clawback reversal would apply to new overpayments and will save $7 billion over 10 years.
MarketWatch - Mar. 10
CBS' '60 Minutes' is unflinching in its White House coverage in the shadow of Trump's $20B lawsuit

As CBS' parent company considers settlement of President Donald Trump's lawsuit against “60 Minutes,” America’s storied newsmagazine is pulling no punches in its coverage of the new administration
ABC News - 3d
CBS' '60 Minutes' is unflinching in its White House coverage in the shadow of Trump's $20B lawsuit

As CBS' parent company considers settlement of President Donald Trump's lawsuit against “60 Minutes,” America’s storied newsmagazine is pulling no punches in its coverage of the new administration
ABC News - 3d
EPA Cancels $20 Billion in Climate Grants

Here is what we know about the billions in funds that have led to federal investigations, lawsuits and frozen bank accounts for climate nonprofit groups.
The New York Times - Mar. 12
Nick Kyrgios hails player-backed lawsuit as ‘special moment’ for tennis

The Australian is among twelve players to put their names on the PTPA’s lawsuit, including Sorana Cirstea, Reilly Opelka, and Vasek Pospisil
Yahoo Sports - 3d
Perplexity AI in talks to double valuation to $18 billion, raise up to $1 billion in new funding

Perplexity AI is in early talks to raise between $500 million and $1 billion in funding at an $18 billion post-money valuation, a source told CNBC.
CNBC - 1d
Crypto Exchanges Kraken and Gemini Plan to Go Public Under Trump’s Deregulatory Agenda

With lawsuits dropped, the lanes are opening up for crypto companies to become part of the public markets.
Inc. - Mar. 13
7-Eleven and Circle K owners line up US stores carve-out as part of $47bn takeover bid

Seven & i and Couche-Tard plan talks with private equity over sale of 2,000 stores to address antitrust concerns
Financial Times - 1d
U.S. households are running out of emergency funds as pandemic cash runs out, inflation takes its toll

The latest survey from the New York Federal Reserve shows just 62.7% of Americans can come up with $2,000 for an emergency.
CNBC - 1d
Three Takeaways From Blues' 7-2 Win Against Ducks

ST. LOUIS – The markings were set up for failure for the St. Louis Blues on Sunday.
Yahoo Sports - 5d
Dana White's TKO boxing plans reportedly include fight purses ranging from $20K to 6 figures for title defenses

Two weeks after the announcement that rocked the boxing world, a clearer look is emerging at the financial side of TKO's entry into the sweet science.
Yahoo Sports - 2d
Purdue/USC winner to play Illinois

© Trevor Ruszkowski-Imagn Images Purdue and USC will wrap up the Big Ten Tournament day two in the fourth and final game on Thursday night.The teams now know who they'll be playing against on ...
Yahoo Sports - Mar. 14
March Madness perfect bracket odds: Chances of a perfect bracket and deadline to submit

Here's what you need to know on the odds for a perfect March Madness bracket and more, including the deadline for brackets for this year's tournament:
Yahoo Sports - 5d
OpenAI urges Trump administration to remove guardrails for the industry

OpenAI on Thursday submitted its proposal for the U.S. government's coming "AI Action Plan," to be submitted to President Trump by July 2025.
CNBC - Mar. 13
Five takeaways from Michigan basketball's Big Ten Tournament win over Purdue

What happened and what we took away from Michigan basketball's surprising win over Purdue.
Yahoo Sports - Mar. 15
Private Prisons Are Ramping Up Detention of Immigrants and Cashing In

The Trump administration is expected to use thousands more beds in these facilities as part of its mass deportation effort.
The New York Times - Mar. 7

More from ABC News

NYC will eventually have to abandon part of water supply if it keeps getting saltier

Decades of road salt use is taking a toll on New York City’s water reservoirs
ABC News - 21h
Experts say US weather forecasts will worsen as DOGE cuts balloon launches

With massive job cuts, the National Weather Service is reducing vital weather balloon launches in eight northern locations
ABC News - 1h
200 years after the creation of braille, blind people in Mali say it has allowed them to fit in

Two hundred years have passed since the invention of braille, the tactile writing system that has transformed the lives of many blind and partially sighted people
ABC News - 2d
Jury convicts alleged ringleader of massive pandemic food fraud scheme on all counts

A jury has found the alleged ringleader of a massive pandemic fraud case in Minnesota guilty on all counts for her role in a scheme that federal prosecutors say stole $250 million from a program ...
ABC News - 2d
Purdue Pharma submits opioid lawsuit settlement plan, including up to $7 billion cash from Sacklers

Members of the Sackler family who own the OxyContin maker Purdue Pharma would hand over the company and up to $7 billion in cash in the latest plan to settle thousands of lawsuits over the toll of ...
ABC News - 3d