Federal Judge Approves Landmark $8.3 Billion Purdue Pharma Opioid Settlement

A federal bankruptcy judge approved a controversial $8.3 billion settlement late Tuesday between Purdue Pharma and the Department of Justice.

The deal first unveiled last month stems from the company’s decades-long manufacture and marketing of Oxycontin and other highly addictive opioid medications.

Under terms approved by Judge Robert Drain, Purdue Pharma will plead guilty to three felony counts of criminal wrongdoing.

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