Purdue Pharma, the opioid drug-maker owned by the billionaire Sackler family, is reported to be offering between $10bn and $12bn to settle thousands of lawsuits against it.
The firm is facing over 2,000 lawsuits linked to its painkiller OxyContin.
Purdue told the BBC it was “actively working” towards a “global resolution” but would not comment on the amount.
NBC, which first reported the news, said the settlement would involve the Sacklers giving up ownership of Purdue. Read more