Sackler

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Supreme Court Tosses Controversial Opioid Settlement

5-4 ruling blocks nationwide deal with Purdue Pharma over opioid epidemic

(Newser) - The Supreme Court on Thursday rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have shielded members of the Sackler family who own the company from civil lawsuits over the toll of opioids but also would have provided billions of dollars to combat the opioid epidemic. After deliberating...

It's a Big Day in Court for the Sackler Family

Supreme Court to consider whether Purdue Pharma owners should be shielded from opioid lawsuits

(Newser) - The nation's opioid crisis takes center stage at the Supreme Court on Monday, though the case in question centers mostly on an obscure part of bankruptcy law. The justices will hear arguments on whether members of the billionaire Sackler family, owners of OxyContin maker Purdue Pharma, should be shielded...

Supreme Court Freezes Deal That Protects Sackler Family

Justices agree to hear arguments on bankrupty deal that shields Sacklers

(Newser) - The Supreme Court on Thursday temporarily blocked a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family who own the company from civil lawsuits over the toll of opioids. The justices agreed to a request from the Biden administration to put the brakes on...

Sacklers' Name Pulled From British Museum
British Museum to Pull 'Sackler'
Mar 26, 2022 12:05 PM CDT

British Museum to Pull 'Sackler'

Officials say they reached agreement with the Purdue Pharma family's foundation

(Newser) - The British Museum will remove the Sackler name from galleries, rooms, and endowments following global outrage over the role the family played in the opioid crisis. The museum is the latest cultural institution to cut ties with the Sacklers. The Sackler name has been removed in recent years from wings...

Victims Deal With Emotions After Facing Sacklers

Purdue owners had to sit through family statements

(Newser) - After telling the Sacklers how they and family members had suffered from or lost relatives to opioid addiction, some of the roughly two dozen people who made court statements Thursday were left to deal with the emotions and assess the value of the confrontations. Some who spoke emerged exhausted, others...

Victim to Sacklers: 'I Hope Every Face Haunts You'

Hearing was part of the Purdue Pharma settlement

(Newser) - Richard, Theresa, and David Sackler were forced to sit in silence Thursday as victims of the opioid epidemic told the owners of Purdue Pharma the damage Oxycontin had done to their lives and families. The session was mandated by the settlement that ended years of court fights, giving victims their...

OxyContin Settlement Includes a Statement of 'Regret'

Sacklers stop short of an unequivocal apology in opioid deal

(Newser) - Purdue Pharma reached a nationwide settlement Thursday over its role in the opioid crisis, with the Sackler family members who own the company boosting their cash contribution to as much as $6 billion in a deal intended to staunch a flood of lawsuits facing the maker of OxyContin. The deal...

Sacklers Up Opioid Settlement, With an Unpopular Condition

Family behind Purdue Pharma wants protection from future lawsuits, as well

(Newser) - The family behind Purdue Pharma is willing to contribute another $1 billion to settle thousands of opioid crisis lawsuits, provided it buys the Sacklers immunity from all current and future civil cases. That protection was included in the first bankruptcy plan for the company, which was rejected last year by...

Judge Rejects Purdue Pharma Settlement

But the issue will likely go to an appeals court

(Newser) - A federal judge rejected OxyContin maker Purdue Pharma’s bankruptcy settlement of thousands of lawsuits over the opioid epidemic Thursday because of a provision that would protect members of the Sackler family from facing litigation of their own, the AP reports. US District Judge Colleen McMahon in New York found...

Judge Approves Settlement That Shields Sacklers

Purdue Pharma owners will be protected from future lawsuits over opioids

(Newser) - A federal bankruptcy judge gave conditional approval Wednesday to a sweeping, potentially $10 billion plan submitted by OxyContin maker Purdue Pharma to settle a mountain of lawsuits over its role in the opioid crisis that has killed a half-million Americans over the past two decades. Under the settlement, the Sackler...

Purdue Pharma Heir Makes a Big Demand

He says Sackler family won't settle unless they are freed from opioid lawsuits

(Newser) - Members of the family that owns OxyContin maker Purdue Pharma won’t contribute billions of dollars to a legal settlement unless they get off the hook for all current and future lawsuits over the company’s activities, one of them told a court Tuesday in a rare public appearance. David...

Sacklers Infuriate Lawmakers
Sacklers Infuriate Lawmakers
Dec 17, 2020 4:38 PM CST

Sacklers Infuriate Lawmakers

Family behind Purdue Pharma has no regrets over opioid crisis

(Newser) - The opioid epidemic has killed more than 400,000 Americans, according to the Centers for Disease Control and Prevention. Prescription opioids including Oxycontin, which Purdue Pharma put on the market about 25 years ago, caused about 230,000 of the deaths. The company's marketing pitched the pills to doctors...

Sacklers Withdrew Billions Amid Opioid Scrutiny

Audit raises new questions about whether $3B settlement offer by Purdue Pharma is enough

(Newser) - A new audit related to the Sackler family's vast wealth shows that family members withdrew more than $10 billion from their pharmaceutical company as the scope of the nation's opioid crisis became clearer, reports the New York Times . The AP notes this contrast: From 1995 through 2007, the...

Purdue Affiliate Accused of Selling 'Deeply Cynical' Drug

Or is Mundipharma selling a much-needed cure?

(Newser) - As Purdue Pharma buckles under a mountain of litigation and public protest in the United States, its foreign affiliate, Mundipharma, has expanded abroad, using some of the same tactics to sell the addictive opioids that made its owners, the Sackler family, among the richest in the world. Mundipharma is...

Top Colleges Kept Taking Sacklers' Money

At least nine schools accepted donations in the past two years

(Newser) - Prestigious universities around the world have accepted at least $60 million over the past five years from the family that owns the maker of OxyContin, even as the company became embroiled in lawsuits related to the opioid epidemic, financial records show. Some of the donations arrived before recent lawsuits blaming...

Judge Keeps Purdue Pharma in Business During Cases

Settlement figures on the OxyContin maker remaining viable

(Newser) - A judge cleared the way Tuesday for OxyContin maker Purdue Pharma to stay in business while it pursues bankruptcy protection and settlement of more than 2,600 lawsuits filed against it in a reckoning over the opioid crisis. At the first hearing since the Chapter 11 filing Sunday, Purdue secured...

New York AG Uncovers $1B Wired by Sackler Family

Transfers boost suspicions that owners of OxyContin maker Purdue tried to shield wealth

(Newser) - 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 companies, banks, and advisers to Purdue and its owners, the...

Tentative Deal Reached in Purdue Pharma Lawsuits

OxyContin maker reaches tentative settlement with some of the states, governments suing

(Newser) - A tentative settlement announced Wednesday over the role Purdue Pharma played in the nation's opioid addiction crisis falls short of the far-reaching national settlement the OxyContin maker had been seeking for months, with litigation sure to continue against the company and the family that owns it. The agreement with...

Purdue Settlement Could Leave Sacklers Wealthy

Opioid deal might leave family with more than $1B

(Newser) - OxyContin made the Sacklers fabulously wealthy. Even after a multibillion-dollar settlement of 2,000 lawsuits against the family and its company, they could still be. Under the $10 billion to $12 billion deal under negotiation, the Sacklers would give up control of Purdue Pharma, the Washington Post reports. The company...

Arizona Has Interesting Idea in Fight Against Opioids

State files lawsuit against Sackler family directly with the Supreme Court

(Newser) - The latest lawsuit filed against the Sackler family, billionaire owners of OxyContin maker Purdue Pharma, is being called "novel" and "audacious" by the New York Times and "highly unusual" by the Hill —because it was filed directly with the highest court in the land. Arizona is...

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