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...an address in Westchester County, New York....
...Plaintiffs alleged McKinsey’s advice to clients such as Purdue Pharma, the maker of OxyContin, had directly contributed to the opioid crisis....
...But Purdue Pharma and the members of the Sackler family still face lawsuits from states and counties across the US....
...The proposed McKinsey settlement is being negotiated as Purdue Pharma works on a deal with states, counties and cities as part of its bankruptcy settlement, which could come in early to mid February....
...Purdue had been trying to reach a $10bn agreement with the many states, cities and counties, which are pursuing lawsuits related to the epidemic....
...Purdue Pharma values its cash, assets and pipeline of drugs at $3.5bn and its offer of free opioid-reversal medicines at $4.5bn....
...Purdue Pharma, the opioid maker, and members of the controlling Sackler family have offered to settle thousands of lawsuits against the company for $10bn to $12bn, according to people familiar with the matter...
...Lawyers who represent plaintiffs from more than 2,000 cities and counties are also recommending their clients try to negotiate a final settlement with Purdue Pharma....
...Purdue Pharma, owned by certain members of the wealthy Sackler family, settled a case with Oklahoma for $270m earlier in the year....
...New York’s attorney-general has accused Purdue Pharma of unlawfully distributing hundreds of millions of dollars to its owners the Sackler family, when it knew that it was facing significant liabilities...
...Purdue Pharma and its owners, the Sackler family, did not admit guilt in the civil settlement....
...Germany's telecoms regulator says Huawei can stay in the 5G network race, the European Central Bank faces stimulus pressure over a falling inflation outlook and the FT reports that Purdue Pharma, the makers...
...Purdue said it intends to file a motion to dismiss. Massachusetts is one of hundreds of states, cities and counties to have launched more than a thousand lawsuits against Purdue....
...When Richard Sackler took to the stage at the Purdue Pharma annual meeting in January 2000, he was in a buoyant mood....
...Chief among the targets is Purdue Pharma, which sells OxyContin, an infamous drug known as “heroin in a pill” that has made billionaires out of Purdue’s owners, the Sackler family....
...“Sure, the pharma companies designed, developed and marketed the drugs — but regulators approved them, doctors prescribed them and patients took them....
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