Purdue Pharma files a new $7 billion bankruptcy plan to settle opioid lawsuits

The filing is a milestone in the saga over Oxycontin lawsuits. Purdue Pharma asked a bankruptcy judge late Tuesday to consider the latest version of its plan to settle thousands of lawsuits over the toll of the powerful prescription painkiller OxyContin, a deal that would have members of the Sackler family who own the company pay up to $7 billion.The filing is a milestone in a tumultuous legal saga that has gone on for more than five years.Under the deal the family members -- estimated in docume...