WASHINGTON (AP) – More than a dozen states, including Massachusetts, have dropped their objections to OxyContin maker Purdue Pharma’s reorganization plan, edging the company closer to resolving its bankruptcy case.
The proposed settlement aims to transform Purdue into a new entity that helps combat the U.S. opioid epidemic through its own profits.
The agreement from multiple attorneys general, including those who had most aggressively opposed Purdue’s original settlement proposal like Massachusetts Attorney General Maura Healey, was disclosed late Wednesday night in a filing in U.S. Bankruptcy Court.
To win the support, the company agreed to make more documents public and members of the family that owns it will kick in more money.
Most of this report was contributed by Geoff Mulvihill, Associated Press
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