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Wisconsin will get $80 million more from Purdue Pharma settlement
On Friday, May 1, 2026, Purdue Pharma officially ended operations as part of a $7.4 billion settlement resolving thousands of lawsuits over the company's role in fueling the nationwide opioid crisis.
Years of litigation and a 2019 bankruptcy filing led to this resolution, which mandates the Sackler family contribute up to $7 billion over 15 years while permanently barring them from selling opioids in the United States.
Purdue's manufacturing operations transfer to Knoa Pharma LLC, a new public benefit corporation overseen by an independent board barred from marketing opioids and required to release more than 30 million internal documents.
New Jersey District Judge Madeline Cox Arleo cleared the final legal hurdle Tuesday, enabling settlement funds to support public health responses nationwide with individual victim payments expected to range from about $8,000 to about $16,000.
Broader settlements worth more than $50 billion aim to address the overdose epidemic across the United States, though the crisis remains linked to hundreds of thousands of deaths since 1999.