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Stock impact report

Purdue Pharma Will Settle Major Opioid Lawsuit [The New York Times]

New York Times Company (The) (NYT) 
Last new york times company (the) earnings: 2/6 07:00 am Check Earnings Report
Purdue Pharma Will Settle Major Opioid Lawsuit - The New York Times Purdue Pharma, the maker of OxyContin, has settled a closely watched lawsuit with the state of Oklahoma, two months before a trial to examine the role of opioid manufacturers in the drug crisis is set to begin, a person close to the situation said. Details of the agreement are to be revealed by the Oklahoma attorney general’s office at a news conference Tuesday afternoon. A spokesman for Purdue Pharma declined to comment. So far, the trial, which includes other pharmaceutical companies such as Johnson and Johnson is still on track to begin May 28. On Monday, the Oklahoma Supreme Court turned aside a bid by the defendants to delay the start by 100 days. Details of the settlement were not immediately available but people with knowledge of the negotiations said it would involve a large payout from Purdue Pharma. But settling the case with a company that many believe ignited the opioid crisis also means that the public wi Show less Read more
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