Bloomberg Law
Aug. 19, 2020, 9:35 AM

With Billions at Stake, States Plan Dividing Purdue Opioid Money

Valerie Bauman
Valerie Bauman
Reporter
Alex Wolf
Alex Wolf
Reporter

Billions from the Purdue Pharma bankruptcy could fund wider use of opioid overdose treatments, programs for babies born addicted, and support programs for mothers and people in jail, according to a draft proposal obtained by Bloomberg Law.

While not all parties have agreed on whether to accept Purdue’s proposed $10 billion settlement to end the company’s liability for its role in the opioid crisis, the states and local governments have been negotiating a tentative agreement on how to divvy up the money—regardless of the final dollar amount.

Purdue declared bankruptcy last year, and the “abatement plan term sheet” outlines how ...

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