News Headlines | Purdue Pharma sentenced ahead of bankruptcy AI generated summary, Read the full article for complete information. A U.S. federal judge criminally sentenced Purdue Pharma, the maker of OxyContin, ahead of its planned bankruptcy and dissolution, ordering the company’s board chair to apologize to victims after more than six hours of emotional testimony. The sentencing comes as Purdue and the Sackler family—its longtime owners—agree to a bankruptcy plan that will channel over $8 billion in fines, forfeitures and penalties to affected communities, while the company itself will be dissolved on May 1 and its remnants re‑formed as the public‑benefit entity Knoa Pharma, focused on opioid‑use‑disorder treatments and overdose reversal. Although many victims objected to the settlement because it shields the Sacklers from criminal prosecution, the judge deemed it the “best route” among available options and urged bankruptcy lawyers to honor compensation promises. The case underscores the broader opioid crisis, which has claimed roughly 806,000 American lives from 1999 to 2023. Read more: https://www.rte.ie/news/world/2026/0429/1570762-purdue-oxycontin/ #PurduePharma #Sacklerfamily #KnoaPharma #CDC #MadelineCoxArleo #SteveMiller