Tennessee Attorney General Jonathan Skrmetti has announced that 55 attorneys general, representing all eligible states and U.S. territories, agreed to sign on to a $7.4 billion settlement with Purdue Pharma and its owners, the Sackler family.
Tennessee is expected to receive more than $90 million from this settlement over the next 15 years.
Like prior opioid settlements, the settlement with Purdue and the Sacklers will involve the resolution of legal claims by state and local governments. The local government sign-on and voting solicitation process for this settlement will be contingent on bankruptcy court approval. A hearing is scheduled on that matter in the coming days. Including this new settlement, Tennessee has obtained settlements committing nearly $1.3 billion in funds from companies that helped fuel the opioid epidemic.