BE SAFE AND DON’T TEXT AND DRIVE. PURDUE PHARMA THE COMPANY BEHIND THE PRESCRIPTION PAINKILLER OXYCONTIN HAS FILED FOR BANKRUPTCY. THE FILING COMES DAYS AFTER REACHING A STELLAR SETTLEMENT WITH 20 STATES. WE ARE LIVE OUTSIDE THE DISTRICT COURT IN WHITE PLAINS WITH MORE. Reporter: ACCORDING TO PURDUE PHARMA, THIS BANKRUPTCY FILING REALLY HELPS THEM AVOID THEM SPENDING HUNDREDS OF MILLIONS OF DOLLARS ON PROLONGED COURT BATTLES. NOT ALL STATES AGREED TO THIS DEAL THAT IS SURE TO BE CONTESTED. SUNDAY PURDUE PHARMA THE MAKERS OF THE HEAVILY PRESCRIBED OPIOID OXYCONTIN BUT FOR CHAPTER 11 BANKRUPTCY. THE SETTLEMENT RESTRUCTURES THE COMPANY OWNED BY RICHARD SACKLER AND MEMBERS OF HIS FAMILY. IN A STATEMENT THE CHAIRMAN OF PRODUCE BOARD OF DIRECTORS SAY QUOTE THE UNIQUE FRAMEWORK FOR A RESOLUTION WILL DEDICATE ALL THE ASSETS AND RESOURCES OF PURDUE FOR THE BENEFIT OF THE AMERICAN PUBLIC THIS COMES AFTER DOZENS OF STATE ATTORNEYS GENERAL SUIT ACCUSING THE PHARMACEUTICAL COMPANY OF DECEPTIVE PRACTICES THAT DOWNPLAYED THE ADDICTIVE NATURE OF THE POWERFUL OPIOID. TERRY CROW SAID HER SON TIMOTHY WAS FIRST PRESCRIBED OXYCONTIN FOR HIS MIGRAINES. A DECADE AGO THE 19-YEAR-OLD BECAME ONE OF SUFFOLK COUNTY’S FIRST OVERDOSE VICTIMS. PART OF THE $10 BILLION MAKER OF THE AGREEMENT GOES TOWARD A MONETARY SETTLEMENT TO FAMILIES AND ALSO FUND THE CREATION OF A NEW COMPANY THAT DEVELOPS AND OPIOID REVERSAL DRUG AND DISTRIBUTES IT AT A LOW COST OR NO COST TO AFFECTED COMMUNITIES. LET US NOT FORGET THE MASTERMINDS. THE FAMILY ENTERPRISE BEHIND THIS CRISIS. THE FAMILY THAT LITERALLY PROFITED OFF OF THE SUFFERING, THE DEATH OF COUNTLESS NEW YORKERS. THE SACKLER FAMILY. THE AGREEMENT WOULD REQUIRE A MINIMUM THREE BILLION DOLLAR CONTRIBUTION FROM THE SACKLER FAMILY PUBLISHED REPORTS EXPECT THE DEAL TO BE CONTESTED BY MOST STATES. THE COURT HAS TO FIRST AGREE TO THE DEAL. WE ARE WAITING TO LEARN WHAT