According to a press release made live on 16 June 2025, Attorney General Phil Weiser announced that all 55 attorneys agreed to sign the settlement with the company, owners, and the entire Sackler family.
This is also for the bankruptcy court proceeding, which was reported for Purdue Pharma for the 2019-2020 lawsuit. The case was filed in September 2019 by the office of the New York Attorney General and Alix Partners in December 2019.
$7.4 billion Purdue Pharma Settlement Eligibility Requirements
These officials mentioned that the company has hidden some amount from the official account. At least $1 billion was missing from the company’s account after the audit. The company agreed to pay an $8 billion settlement, including criminal forfeiture, criminal fine, and compensation for the tangible benefits.
In 2021, the company restructured to a ‘Public Benefit Corporation’ for the opioid crisis. The $4.5 billion amount was decided as a settlement amount by the Judge (Colleen McMahon) of the U.S. District Court for the Southern District of New York
These cases are besides that of the opioid crisis. The company has to distribute a large amount of money. The article will cover the essential details of the $7.4 billion Purdue Pharma Settlement Eligibility Requirements, which could be checked by the class members to receive a considerable amount.
$7.4 billion Purdue Pharma Settlement Eligibility Criteria – Overview
| Article On | $7.4 billion Purdue Pharma Settlement Eligibility Requirements |
| Category | Class Action |
| Company | Purdue Pharma |
| Issue | Misleading marketing of a compound named ‘opioid,’ which was highly addictive &Bankruptcy case |
| Victims of the incident | Patients, their families, and the government bodies of the US |
| Lawsuit Filed By | Government, patients, companies’ partners |
| Settlement Amount | $7.4 Billion |
| Official Website | purduepharma.com |
What is the $7.4 billion Purdue Pharma Settlement News?
On the official website of Purdue Pharma, the details of the settlement are available from 18th March 2025. The disclosure statement from the United States Bankruptcy Court for the Southern District of New York states that the company’s owner will be surrendering the legacy. They will be paying the full settlement amount as part of Sackler’s contribution.
22.4 billion will be distributed to the eligible claimants according to the fixed schedule. Due to the opioid crisis, the company’s ownership, including assets, will be transferred to the new one. Though this will consume some time. The reports suggest that the owners have lost the accessibility to the pharma business since 2018. After the declaration of the former directors, Steve Miller was assigned as the Chairman. The reason for this settlement is that all the creditors are supporting the lawsuit.
What was the Opioid Case?
One of the important settlements was the Opioid case. The harmful compound was found in OxyContin, which was termed a painkiller by Purdue Pharma. The patients, medical service providers, and Government bodies continued their usage due to the false marketing that the painkiller is non-addictive. The reality arose when the patients got addicted to the medicine, and many lost their lives. The company consistently committed fraud for upto two decades. The duration was between 2002 to 2019 when trillions of lawsuits were filed against the company.
When the court held a hearing for the settlement of $7.4 billion, Purdue Pharma agreed to pay the amount. The claimants then registered themselves to receive compensation. But with money, financial losses can be managed, and not the emotional loss that the families and individuals had experienced. In this article, the focus is not only on the Opioid case but also on the bankruptcy case of Purdue Pharma.
$7.4 Billion Purdue Pharma Settlement Eligibility Requirements
The case of Purdue Pharma is quite critical and complex. Finally, the settlement amount will be distributed to the eligible claimants. According to the various sections of the article, the claimants are aware of the two important cases that were imposed on the company. According to which the certain eligibility requirements are discussed below:
- Primary Beneficiaries: State and Local Governments will receive the major coverage of the settlement. It is because they have utilized the funds for opioid treatment, recovery support, campaigns, and more. Also, the Government bodies will receive an amount for the bankruptcy case.
- Individual Victims (Patients or family members of the deceased patients): As per the press releases and other Government reports, victims will receive around $850 million settlement. The amount is for the individuals who suffered from an overdose or have experienced physical or psychological harm using the medicine. Also, the children who were born with neonatal abstinence syndrome due to the consumption of opioids during pregnancy.
- Medical Organizations and Staff: The healthcare service providers to whom the OxyContin was supplied are also eligible to receive the payment. They have to submit the document of the claim filed and the medical bills in which the sales record is mentioned.
- Families who Lost a Close One: Due to the addiction of opioids, families have lost their earning member, child, parent, or a close will receive compensation. Purdue’s products were harmful to the people and caused them to experience emotional loss.
- Lawmakers: The legal authorities who were involved in the bankruptcy and opioid case of Purdue Pharma will receive the settlement amount. This payment will cover the travelling, court statement procedures, and other legal process fees.
All the list of beneficiaries as mentioned above will have to submit supporting documents such as evidence of the medical transactions, bills, treatment documents, court statements, and more. The claimants can browse the official website of the settlement to check the payment status and other critical details.
Key Considerations of the $7.4 billion Purdue Pharma Settlement
- The claimants must keep in mind that payment will be processed only after the court’s final hearing.
- The settlement will be provided when the creditors approve the decision formulated by the court.
- The settlement amount duration is upto 15 years, which is why the claimants have to be patient.
- The recipients must verify the data from the primary portal only to avoid data security issues.
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