Oxycontin-maker Purdue Pharma submitted its bankruptcy restructuring plan late on Monday night in which members of the Sackler family, its billionaire owners, have pledged $4.275 billion from their personal fortune to help resolve several lawsuits the drug maker faces for its role in fueling the opioid epidemic.

Subscribe to FORBES: https://www.youtube.com/c/ForbesUnder30?sub_confirmation=1

Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Purdue Pharma Offer $4.28 Billion To Settle Opioid Lawsuits As Part Of Restructuring Plan | Forbes