Purdue Pharma, the company that made billions selling the prescription painkiller OxyContin, filed for bankruptcy days after reaching a tentative settlement with many of the state and local governments suing it over the toll of opioids.
The transfers bolster allegations by New York and other states that the Sacklers worked to shield their wealth in recent years because of mounting worries about legal threats.
It is the first settlement to come out of the recent coast-to-coast wave of nearly 2,000 lawsuits against Purdue Pharma over allegations that they helped create the nation's deadly opioid crisis with aggressive marketing of the powerful painkiller.
In one New York county, doctors are struggling to keep up with the constant autopsies from overdoses. We speak with families whose children's addictions began with prescription drugs. Is Big Pharma the cause of the epidemic?
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