Purdue Pharma’s New $6 Billion Sackler Deal Raises Florida’s Ire

The state of Florida is challenging the new $6 billion deal that members of the Sackler family reached with several other states and the District of Columbia in Purdue Pharma LP’s bankruptcy case.

The updated agreement wrongly includes a side payment to the states that appealed Purdue’s multibillion dollar Chapter 11 plan to settle its massive opioid liability, Florida said Thursday. The Sackler family members reached the deal earlier in the day, following last December’s federal district court decision overturning the plan’s liability protections.

The eight states and District of Columbia would get a total increased payment of about $277 ...