Purdue Pharma, Drugmaker Accused of Fueling The Opioid Epidemic, Files For Bankruptcy

The Washington Post Staff wrote:Purdue Pharma, the narcotics manufacturer blamed for triggering America’s opioid crisis through its aggressive marketing of the highly addictive painkiller OxyContin, filed for bankruptcy Sunday.

The company’s move to seek financial shelter, part of a tentative settlement with thousands of litigants, will shift the focus to new wrangling over how potential proceeds will be divvied up by communities reeling from addictions and overdose deaths. Some state attorneys general say they will also continue trying to recover billions of dollars from the Sackler family, owners of Purdue.

Purdue sold only a fraction of the billions of opioid pills distributed in the United States, but it pioneered the aggressive sales tactics that fueled addiction.

This is a developing story. It will be updated.