Judge conditionally approves Purdue Pharma opioid settlement, shielding Sackler family from future lawsuits
CBSN
A federal bankruptcy judge on Wednesday gave conditional approval to a sweeping, potentially $10 billion plan submitted by OxyContin maker Purdue Pharma to settle a mountain of lawsuits over its role in the opioid crisis that has killed a half-million Americans over the past two decades.
Under the settlement reached with creditors including individual victims and thousands of state and local governments, the Sackler family will give up ownership of the company and contribute $4.5 billion but will be freed from any future lawsuits over opioids. The drugmaker will be reorganized into a new company with a board appointed by public officials and will funnel its profits into government-led efforts to prevent and treat opioid addiction.
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Trump's military parade tomorrow isn't the first in the U.S. — but they're rare. Here's a look back.
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Washington — President Trump intends to open the Iowa State Fair on the first day of the 11-day event in August, according to sources familiar with the plan, revisiting a presidential campaign ritual in a state that helped deliver his return to the White House.
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