In announcing the settlement, Oklahoma Attorney General Mike Hunter said Purdue Pharma now has no plans for an immediate bankruptcy filing. Attorney General Mike Hunter confirmed the Purdue Pharma settlement at a Tuesday conference in Tulsa. Oklahoma's attorney general said Tuesday he would announce details of a settlement with Purdue Pharma, the maker of OxyContin. Oklahoma Attorney General Mike Hunter's office will hold a news conference Tuesday afternoon to talk about the settlement with Connecticut-based Purdue Pharma. The company's settlement will go toward establishing the National Center for Addiction Studies and Treatment at Oklahoma State University in Tulsa.

Source: ABC News March 26, 2019 13:07 UTC