Sackler family News

Massachusetts, New York Signal Purdue Faces Stiff Court Fight

The attorneys general of Massachusetts and New York gave Purdue Pharma LP a preview of the opposition it’s facing in bankruptcy court as the embattled maker of the OxyContin painkiller seeks approval of a roughly $10 billion settlement stemming from …

New York Finds $1B in Hidden Transfers by Purdue Pharma’s Sackler Family

The family that owns OxyContin maker Purdue Pharma used Swiss and other hidden accounts to transfer $1 billion to themselves, New York’s attorney general contends in court papers filed Friday. New York – asking a judge to enforce subpoenas of …

Facing Thousands of Opioid Lawsuits, Purdue Pharma Files for Bankruptcy Protection

OxyContin maker Purdue Pharma LP filed for bankruptcy protection Sunday night, succumbing to pressure from more than 2,600 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic. Purdue’s board met Sunday evening to approve the long-expected bankruptcy filing, …

States Split Over Purdue’s $12 Billion Opioid Epidemic Settlement Plan

Purdue Pharma LP, maker of the highly addictive Oxycontin painkiller, is pitting state against state with its offer of about $12 billion to resolve the company’s liability for the massive public-health crisis tied to opioid abuse that’s swept the U.S. …

Delaware Attorney General Targets Sackler Family in Opioid Lawsuit

Delaware’s attorney general is suing members of the family that controls OxyContin maker Purdue Pharma, accusing them of consumer fraud, negligence and creating a public nuisance. Monday’s court filing follows more than a dozen similar lawsuits by other state attorneys …

Purdue Pharma Floats $10-$12 Billion Opioid Settlement: Reuters

OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 opioid lawsuits against the company for $10 billion to $12 billion, two people familiar with the matter said on Tuesday. Purdue …

Purdue-Linked Entities Get Subpoenas from New York State

New York state sent out dozens of subpoenas to entities linked to Purdue Pharma LP and its billionaire owners, the Sackler family, seeking documents that may show the movement of millions of dollars in profit from sales of the highly …

State’s Purdue Opioid Suit Tests Holding Family, Purdue Directors Liable for Crisis

Massachusetts took Purdue Pharma LP to task in a Boston courtroom Friday, blaming the opioid maker and the billionaire Sackler family that owns it for causing “thousands of people to suffer and many to die.” The state has proof Purdue …

Purdue’s Sackler Family Must Face Opioid Suits in New York

The billionaire owners of Purdue Pharma LP must face a New York lawsuit claiming they triggered the U.S. opioid epidemic, a judge ruled, handing an early victory to states and local governments seeking to recoup billions of dollars in social …

Maker of OxyContin Gets Hit with Another State Lawsuit

The company that makes OxyContin did not stop pitching the powerful opioid painkiller to doctors even when its sales representatives raised concerns that they were prescribing the drug inappropriately, the Pennsylvania attorney general’s office said in a lawsuit announced Tuesday. …