Purdue Pharma bankruptcy judge to rule Friday on opioid settlement

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Purdue Pharma Bankruptcy Judge To Rule Friday On Opioid Settlement Purdue Pharma Bankruptcy Judge To Rule Friday On Opioid Settlement
The deal, which Purdue says is worth more than $10 billion, has widespread support but is still opposed by nine US states.
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By Maria Chutchian

A US judge in the Purdue Pharma bankruptcy case expects to rule on Friday on the OxyContin maker’s request to approve its settlement of opioid-related litigation.

During a hearing on Wednesday, US Bankruptcy Judge Robert Drain in White Plains, New York, said he plans to rule at the end of the week. A trial over the plan and settlement began on August 12th.

The deal, which Purdue says is worth more than $10 billion, has widespread support but is still opposed by nine US states.

Members of the Sackler family who own the company have said they will contribute about $4.5 billion in exchange for legal protections against opioid-related litigation.

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