The criminal and civil settlement is related to the distribution of the painkiller, and it's alleged role in contributing to an opioid epidemic that has killed more than 400,000 Americans since 1999.

US.

Deputy Attorney General Jeffrey Rosen.

The global settlement announced today involves the company pleading guilty to three felony counts for defrauding the United States and violating the anti kickback statute from 2000 and 9 to 2017.

Now the company is in bankruptcy, so the corporate resolution is subject to the bankruptcy court's approval.

If it's approved, this will be a corporate settlement in total of more than $8.3 billion.

Additionally, members of the Sackler family have agreed to pay $225 million in a civil settlement that will provide civil releases on Lee.

According to prosecutors, Purdue conspired to engage in criminal conduct over the years that kept medically questionable prescriptions of its opioids flowing.

None of the Sackler nor any Purdue executives were criminally charged as part of the settlement.

Still, further changes are coming to Purdue and the Sackler families role with the company as a result of Wednesday settlement, he agreed.

Resolution, if approved by the court, will require that the company be dissolved and no longer exist in its present form.

It would require that the Sack Lear's must relinquish all ownership and control of the company or of any of its successors, and the company's assets would be transferred to a new public benefit company.

But the agreement is under fire from critics who say Purdue, which raked in $30 billion in OxyContin sales over the years, and the Sackler family are getting off with just slaps on the wrist.

There could, however, be more to come.

It's also important to note that this resolution does not prohibit future criminal or civil penalties against Purdue farmers, executives or employees.