Attorney General Tong’s Statement on Bankruptcy Court Approval of Purdue Pharma Settlement
(Hartford, CT) – Attorney General William Tong released the following statement after U.S. Bankruptcy Judge Robert Drain approved Purdue’s $6 billion bankruptcy plan.
“No settlement will ever come close to remedying the extent of the suffering and damage caused by Purdue and the Sackler family. But in reaching this $6 billion settlement, we recognized that we could not block this process indefinitely for the victims and our sister states. I thank the Bankruptcy Court for its approval and support for tomorrow’s hearing which will give victims and survivors the opportunity to speak directly to the Sacklers and share in the damage and destruction they have caused. We are not done fighting for justice against the addiction industry.
Attorney General Tong announced last week that he had negotiated an agreement that requires Purdue Pharma and the Sackler family to pay $6 billion to victims, survivors and states for their role in the opioid epidemic, i.e. 40% more than the previously overturned settlement Connecticut appealed. . This is a civil settlement. This plan does not relieve the Sacklers of any potential future criminal liability.
Attorney General Tong said he intends to use a portion of the settlement funds to establish an Opioid Survivors Trust to directly help survivors and victims of the opioid epidemic.