Purdue Pharma and its owners the Sackler family are offering to settle more than 2,000 lawsuits against the company for $12 billion, NBC News reports, citing two people familiar with the negotiations.

The lawsuits allege the company, which manufacturers OxyContin, aggressively marketed the painkiller despite knowing it’s addictive — while suggesting Purdue Pharma is partly responsible for sustaining the nation’s opioid crisis.

At least 10 state attorneys general met with Purdue Pharma’s attorneys in Cleveland on Aug. 20 to discuss settling the lawsuits, NBC News reported, with the Sackler family offering to settle for $10 billion to $12 billion.

The Sacklers — ranked by Forbes as the 19th richest in America — would reportedly pay at least $3 billion of the settlement and give up ownership of the company.

The opioid crisis has claimed the lives of half a million people in the US since 1999, according to the Centers for Disease Control and Prevention.

In a statement to NBC News, the company said it “sees little good coming from years of wasteful litigation and appeals.”

“The people and communities affected by the opioid crisis need help now. Purdue believes a constructive global resolution is the best path forward, and the company is actively working with the state attorneys general and other plaintiffs to achieve this outcome,” it added.

The report comes one day after Johnson & Johnson was ordered to pay $572 million in damages for its role in fueling Oklahoma’s opioid epidemic.