Penalty Amount
$7,400,000,000
New York Attorney General Letitia James announced the shutdown of opioid manufacturer Purdue Pharma as part of a $7.4 billion settlement with a bipartisan coalition of 54 other state attorneys general. The Sackler family, former owners of Purdue, are permanently barred from selling opioids in the U.S. and have no involvement in Knoa Pharma, the new public benefit corporation replacing Purdue. Purdue was sentenced on criminal charges related to its role in the opioid crisis on April 28, 2026, with the new entity operating under strict oversight and excess revenue funding opioid abatement efforts.
The $7.4 billion settlement requires Purdue Pharma to cease operations, with the Sackler family barred from selling opioids in the U.S. and excluded from the replacement entity Knoa Pharma. Purdue and the Sacklers will make payments totaling $7.4 billion over 15 years, including initial payments of $900 million from Purdue and $1.5 billion from the Sacklers, plus additional Sackler payments of $500 million in 2027, $500 million in 2028, and $400 million in 2029. Knoa Pharma is subject to a court-ordered injunction prohibiting opioid marketing, lobbying, and opioid sales-based compensation, and will be overseen by an independent monitor. Excess revenue will be directed to state, local, and tribal governments and the Knoa Foundation for opioid abatement efforts.
This enforcement action pertains to opioid manufacturing and marketing misconduct, not privacy violations. No privacy-related contract clauses (e.g., data processing, consent, breach notification, data retention) require updating based on this action. In-house legal teams in healthcare or pharmaceutical industries may review clauses related to marketing compliance, controlled substance regulations, and executive oversight, but this has no impact on privacy-related vendor, customer, or employee agreements.
Entity
Purdue Pharma
Industry
Healthcare"opioid manufacturer Purdue Pharma (Purdue)"
"$7.4 billion settlement"
"Purdue will pay approximately $900 million and the Sacklers will pay $1.5 billion. The Sacklers will then pay $500 million in May of 2027, an additional $500 million in May of 2028, and $400 million in May 2029."
"On April 28, Purdue was sentenced in the United States District Court for the District of New Jersey on criminal charges for its role in fueling the opioid crisis."
"New York Attorney General Letitia James today announced"
"bipartisan coalition of 54 other attorneys general"
$7.4B
Connecticut Attorney General William Tong announced that Purdue Pharma will dissolve as the company’s bankruptcy concludes and a $7.4 billion settlement with Purdue and the Sackler family takes effect. The settlement permanently bars the Sacklers from selling opioids in the U.S., directs funds to addiction treatment and prevention, and requires the release of over 30 million documents related to Purdue’s opioid business. Connecticut is expected to receive $64 million from the settlement, with first payments anticipated in fall 2026.
$7.4B
The U.S. Bankruptcy Court confirmed a $7.4 billion settlement between Purdue Pharma, the Sackler Family, and 55 attorneys general to resolve claims over the opioid crisis. Connecticut will receive up to $64 million for treatment, prevention, and victim support. The settlement bars the Sacklers from selling opioids and requires public disclosure of documents.
New York Attorney General Letitia James issued a consumer alert on May 18, 2026, warning businesses against engaging in price gouging on transportation services during the Long Island Rail Road strike. The alert reminds businesses that New York’s price gouging laws prohibit unconscionable price increases on essential goods and services during market disruptions, with potential penalties of up to $25,000 per violation. No specific enforcement action against a particular entity was announced, only a general warning for businesses and a call for consumers to report suspected price gouging.
New York Attorney General Letitia James issued a consumer alert on May 18, 2026, warning residents of potential price gouging by transportation service providers during the Long Island Rail Road strike. The alert reminds businesses that New York’s price gouging laws prohibit unconscionable price increases on essential services like transportation during market disruptions. No specific privacy violations or enforcement actions against individual entities were announced in the alert.
This press release announces New York Attorney General Letitia James leading a coalition of 21 state attorneys general, the District of Columbia, and Pennsylvania’s Governor in filing an amicus brief with the U.S. Supreme Court to stay a Fifth Circuit ruling that would reinstate in-person dispensing requirements for mifepristone, a medication used for abortion. The coalition argues the ruling is scientifically unsupported, would restrict telehealth access to reproductive care, and undermines state sovereignty over abortion policy post-Dobbs. This is not a privacy-related enforcement action, as the content addresses reproductive health policy rather than data privacy violations.
$5.0M
New York Attorney General Letitia James secured a $5 million settlement from cryptocurrency platform Uphold HQ, Inc. for promoting Cred’s fraudulent CredEarn investment product as safe and reliable, when Cred was making risky loans to uncreditworthy borrowers in China. Uphold also falsely claimed Cred had comprehensive insurance and promoted the product without registering as a broker or commodity broker-dealer under New York law. As part of the settlement, Uphold will pay $5 million to harmed investors, remit $545,189 from Cred’s bankruptcy to customers, improve due diligence policies for third-party products, and register as a broker with the OAG.