Purdue Talks Stall on Demand for More Cash From Sacklers
- States and family about $1 billion apart on bankruptcy accord
- Some attorneys general want total to exceed $5 billion
Photographer: George Frey/Bloomberg
This article is for subscribers only.
Talks aimed at getting Purdue Pharma’s owners to increase their contribution to the opioid maker’s bankruptcy settlement have stalled, with members of the billionaire Sackler family resisting demands from states to boost their offer by more than $2 billion, according to people familiar with the matter.
The Sacklers are willing to add more than $1 billion to their cash contribution, bringing their total to more than $4 billion, the people said. But attorneys general for states involved in the court-ordered mediation are seeking more than $5 billion to beef up addiction treatment and police budgets, the people said.