Family behind OxyContin calls opioid suit false, misleading 1 of 2 | FILE - In this Aug. 17, 2018 file photo, family and friends who have lost loved ones to OxyContin and opioid overdoses protest outside Purdue Pharma headquarters in Stamford, Conn. The wealthy family who owns the ...
Supreme Court weighs legal shield for Sackler familyWashington —The Supreme Court on Monday grappled with whether to uphold abankruptcy plan for Purdue Pharmaover objections from the Biden administration about the broad legal protections it grants the Sackler family from civil lawsuits related to their...
The family owns OxyContin maker Purdue Pharma, which filed for bankruptcy this week as part of an effort to settle some 2,600 lawsuits accusing it of helping spark the national opioid crisis that has killed more than 400,000 people in the U.S. in the last two decades. Any settleme...
at their availability, because of these releases, an escape hatch from liability, whereas people like you, me and Ellen would never have that ability to escape liability," he said. "We don't have billions of dollars to push a carcass of a company into bankruptcy and then hide behind it....
It’s not entirely clear what a bankruptcy filing for Purdue Pharma would mean for the wealth of the Sackler family behind the business. Depending on how various legal actions proceed, the billionaire family could be on the hook for much more than outlined in the settlement. (AP Photo/...
a sign with the Sackler name is displayed at the Metropolitan Museum of Art in New York. Their name used to be on a wing at the Louvre. But now the Sackler family wealth has become linked to sales of OxyContin, and their company, drug maker Purdue Pharma, is attempting to se...
Purdue Pharma was the primary driver behind the increase in opioid prescriptions in the United States from 1996 onward. The company influenced the prescribing habits of doctors through wide-reaching advertising campaigns, which included paying doctors to publicly endorse the product, promoting the safety...
Flying under the chaos of the Covid-19 pandemic, one of America’s richest families, the billionaire Sackler family who fully own Purdue Pharma and put themselves forward as the epitome of good works funded by the fruits of the capitalist system, are being held to account for allegedly earnin...
“The Sacklers are using Purdue’s corporate bankruptcy as a tactic to hide behind and protect themselves from personal liability and accountability,” he told members of the House Oversight and Reform Committee, addressing them remotely. “They have kept my case away from an Idaho judge and an...
David Sackler, whose family owns Purdue Pharma, is defending the company and his family against what he describes as “vitriolic hyperbole,” saying they’re not to blame for theopioid crisisravaging the nation. In an extensiveinterview with Vanity Fair published Wednesday,Sackler insisted his fami...