Purdue Creditors Vote for $7.4 Billion Plan to End Bankruptcy

Creditors of Purdue Pharma voted in favor of the opioid maker’s proposal to exit bankruptcy and pay billions to communities and individuals who say they were harmed by the company’s addictive painkillers.

The vote brings the company and its owners — the billionaire Sackler family — one step closer to ending a six-year-long fight to compensate thousands of local governments and 54,000 individuals allegedly injured by Purdue’s role in America’s opioid epidemic.

The Sacklers have agreed to pay $6.5 billion and give up ownership of Purdue to settle claims against them. Additional money from other sources would boost the total ...