According to Forbes, the Sackler family made $12 billion to $13 billion in profit from OxyContin manufacturer Purdue Pharma—much more than what was previously known, according to the Wall Street Journal, citing court records. On Wednesday [10/21/2020], Sackler family members associated with Purdue agreed to pay a $225 million penalty to resolve a Justice Department civil probe…
Twenty-five state attorneys general wrote to US Attorney General William Barr last week [mid-October] arguing against the plan to create a government-controlled company out of the assets of Purdue Pharma, arguing that the government should not be in the business of selling OxyContin. The company doesn’t have $8 billion in cash available to pay the…
In… public comments on behalf of the Sacklers, White told me why the family believed the litigation against them and their company is legally dubious, factually misleading and politically motivated. The claims are gargantuan: An expert plaintiffs’ witness in the nationwide MDL in Cleveland recently estimated that it will cost nearly half a trillion dollars…
The legal pressure on the prominent family behind the company that makes OxyContin, the prescription painkiller that helped fuel the nation’s opioid epidemic, is likely to get more intense … Having Sackler family members named as defendants in Massachusetts “indicates that the government attorneys believe they have the ‘smoking guns’ necessary to broaden the potential liability…
New York’s attorney general… told a U.S.bankruptcy [on April 29th, 2020] court that the Sackler family, owners of Purdue Pharma LP, have slow-rolled and resisted discovery requests into their finanancial information. AG Letitia James said that the Sackler’s have produced few primary documents in the six months to make voluntary disclosures about their finances. The…
What some call philanthropy, others, such as Stanford University ethics professor Rob Reich, call “reputation laundering”. But what’s less well known, though increasingly being exposed, is that much of their wealth comes from one product – OxyContin, the blockbuster prescription painkiller first launched in 1996. “Greed is the main thing. The market for OxyContin should have been much,…
Luther Strange was championing… arguments against opioid lawsuits, he was also working behind the scenes as a paid attorney for members of the Sackler family… he’s a former US Senator from Alabama. …AGs are sticking to their demand that the Sacklers forfeit more of the personal fortune they amassed from opioid sales, valued at more…
The Sacklers have expressed sympathy but refuse to take responsibility for the nation’s opioid epidemic. US Bankruptcy Judge Robert Drain agreed to pause the lawsuits against Purdue Pharma and the Sackler’s until next month with the intention of stopping suits longer so a settlement can be worked out. Drain gave the company, state attorneys general and lawyers…
The activists hurled a blizzard of “blood money” in the air — mock one-dollar bills printed with the word “Oxy” and splattered with red paint — and spilled mock prescription bottles across the steps of the courthouse. They spread themselves across the cement for a 200-second die-in and moment of silence for the nearly 200…
“If [the Sacklers] have the perception — and it’s the correct perception — that ‘people like us just don’t go to jail, we just don’t, so the worst that’s going to happen is you take some reputational stings and you’ll have to write a check,’ that seems like a recipe for nurturing criminality,” Keith Humphreys,…
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