New Mexico stays out of opioids settlement with Purdue | KOB 4
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New Mexico stays out of opioids settlement with Purdue

New Mexico stays out of opioids settlement with Purdue

Associated Press
September 12, 2019 07:31 AM

SANTA FE, N.M. (AP) - New Mexico Attorney General Hector Balderas is declining to join a tentative settlement agreement over the role OxyContin maker Purdue Pharma played in the nation's opioid addiction crisis.
    
Balderas' office on Wednesday said the proposal was not nearly enough to pay for the harm that has been done to New Mexico families.
    
The agreement with about half the states and attorneys representing roughly 2,000 local governments would have Purdue file for a structured bankruptcy and pay as much as $12 billion over time. About $3 billion would come from the Sackler family that controls Purdue.
    
Several attorneys general said the agreement is a better way to ensure compensation from Purdue and the Sacklers than taking their chances if Purdue files for bankruptcy on its own.

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The New Mexico Office of the Attorney General released the following statement: 

“New Mexico has not joined the Purdue settlement at this stage, as the amount proposed was not nearly enough to pay for the harm that has been done to New Mexican families. The Office of the Attorney General will continue to fight aggressively to hold those who have ravaged our communities accountable.”

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Associated Press

Copyright 2019 The Associated Press. All rights reserved.

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