Alabama Attorney General Steve Marshall has signed onto a $7.4 billion settlement with Purdue Pharma and the Sackler family, resolving litigation over their role in the opioid crisis. This settlement, involving attorneys general from 55 U.S. states and territories, aims to address the impact of opioids across the nation. The Sackler family will pay approximately $6.5 billion, while Purdue will cover the remaining amount. Both Purdue and the Sacklers will relinquish control of the company and will be shielded from future liabilities.
The settlement will provide Alabama with up to $75 million over the next 15 years for addiction treatment and prevention. According to the Alabama Attorney General's office, most of the funds will be distributed in the first three years, with the Sacklers paying $1.5 billion and Purdue contributing $900 million initially. Additional payments will follow over the next two years.
Attorney General Marshall emphasized the importance of local governments signing onto the agreement to ensure they receive necessary funds. He stated, "Together with prudent decision making, we can make a difference for our communities and law enforcement who desperately need the support." WSFA reports that Alabama has now secured nearly $730 million in settlements from companies involved in the opioid crisis.
The settlement is pending approval from bankruptcy court proceedings, with a hearing scheduled soon. The resolution marks the largest settlement to date with individuals responsible for the opioid crisis, aiming to provide resources for affected communities nationwide.