On Oct. 21, 2020, Purdue Pharma announced that it had entered into an agreement with the U.S. Department of Justice (DOJ) to resolve multi-year civil and criminal investigations into the companyﾒs past marketing practices related to its opioid medicines.

With the agreement, Purdue accepts responsibility for specified misconduct that took place before June 2017 and resolves allegations regarding conduct between 2007 and February 2018 by pleading guilty and agreeing to pay fines and forfeiture. Importantly, the overwhelming majority of these settlement funds will be directed to state, local and tribal governments to address the opioid crisis.

The new company will be operated under different ownership, will be overseen by new trustees for the benefit of claimants and the American people, and will work to provide for free or at cost millions of doses of lifesaving opioid addiction treatment and overdose reversal medicines.