Opioid Maker Purdue Pharma
May File for Bankruptcy .
The company is currently facing
over 2,000 lawsuits from
multiple U.S. states.
Filings claim that the
oxycontin maker helped fuel the
current opioid crisis in America.
According to 'Reuters,' Purdue
will file for bankruptcy if it
fails to settle the lawsuits.
In declaring bankruptcy, the company would also avoid a trial set for
next month.
Purdue has offered up to $12 billion
for the settlement, but some states
have rejected it.
In order for the deal to be accepted,
'Reuters' says 35 attorney generals
must approve.
The deal would also see the
Sackler family, who own Purdue,
step down from their roles.
$3 billion of the Sackler fortune would also be given away to settle the lawsuit.
Attorney generals who have rejected
the offer say the Sackler's are
not contributing enough