Sackler family News

All But a Few States Now Accept Purdue Pharma, Sackler Family Deal

Fifteen more states reached an agreement with Purdue Pharma LP and members of its wealthy Sackler family owners that moved the OxyContin maker a step closer to resolving widespread opioid litigation and exiting bankruptcy protection. All but a handful of …

Key States Agree to Revised Deal with Purdue Pharma, Sacklers

Purdue Pharma LP won the support of more than a dozen states that had opposed its $4.5 billion bankruptcy plan after members of the Sackler family that own it agreed to pay more money and relinquish control of two family …

Democrats Push Bill Aimed at Family That Owns Purdue Pharma

A congressional committee heard grievances Tuesday against the owners of OxyContin maker Purdue Pharma as it considered longshot legislation that would keep them from using a corporate bankruptcy as a shield for personal liability. Rep. Carolyn Maloney called two state …

Purdue Pharma to Use Public Trusts, Sackler Cash to Settle Opioid Litigation

Purdue Pharma LP filed a bankruptcy plan on Monday that would resolve thousands of opioid lawsuits by restructuring the OxyContin maker into an entity that would steer profits to and require the company’s Sackler family owners to contribute nearly $4.3 …

Sacklers Boost Opioid Settlement Offer to $4.3 Billion – Sources

NEW YORK — Members of the Sackler family who own Purdue Pharma LP have offered roughly $4.3 billion to resolve sprawling opioid litigation, up from $3 billion initially proposed in settlement discussions underway in the OxyContin maker’s bankruptcy proceedings, four …

Purdue Creditors Zero In on Sackler Messages From a Decade Ago

Bankruptcy creditors are pointing to a trove of decade-old documents as they probe whether members of the billionaire Sackler family improperly took funds out of Purdue Pharma LP, the maker of OxyContin, to keep the assets away from victims of …

Family Behind Oxycontin Maker Purdue Pharma Offers ‘Sadness’

Two of the owners of the company that makes OxyContin acknowledged to a congressional committee on Thursday that the powerful prescription painkiller has played a role in the national opioid crisis but stopped short of apologizing or admitting wrongdoing as …

States Oppose Settlement Being Negotiated by Oxycontin Maker Purdue and Justice Dept.

A group of 25 state attorneys general oppose a settlement of U.S. opioid probes being negotiated with Purdue Pharma LP and members of the wealthy Sackler family who own it, arguing the deal would improperly entangle state and local officials …

States Seek $2.2 Trillion From Oxycontin Maker Purdue Pharma

NEW YORK — U.S. states claimed they are owed $2.2 trillion to address harm from OxyContin maker Purdue Pharma LP’s alleged role in America’s opioid epidemic, accusing the drugmaker in new filings of pushing prescription painkillers on doctors and patients …

U.S. Pursues Nearly $13 Billion of Claims in Purdue Pharma Opioid Probes-Sources

U.S. prosecutors are pursuing possible penalties of nearly $13 billion to resolve investigations of OxyContin maker Purdue Pharma after uncovering evidence of criminal and civil misconduct stemming from the company’s alleged role in fueling the nation’s opioid crisis, people familiar …