Sackler family News

Purdue, Sackler Family Reach New $7.4 Billion Opioid Accord

Bankrupt Purdue Pharma LP and members of the billionaire Sackler family agreed to pay $7.4 billion to a group of U.S. states and other parties to settle long-running litigation over OxyContin’s role in the deadly opioid epidemic. The deal comes …

Purdue’s Sacklers Offer to Increase Contribution in New Opioid Settlement, WSJ Reports

The Sackler family, owners of Purdue Pharma, is offering to increase their financial contribution to a bankruptcy settlement of opioid lawsuits, while agreeing to some exposure to future litigation, the Wall Street Journal reported on Monday. Some family members who …

Purdue Pharma Nears New Bankruptcy Deal With Sacklers, Mediator Says

Purdue Pharma is close to a new bankruptcy settlement with its owners, members of the wealthy Sackler family, and state and local governments that have filed lawsuits alleging that its painkiller OxyContin spurred a deadly opioid-addiction crisis in the U.S., …

Purdue Pharma Backs Creditor Move to Sue Sacklers Over Assets

The bankrupt estate of Purdue Pharma says it will support a move by the opioid maker’s creditors to sue members of the Sackler family over allegations that they improperly shifted billions of dollars of Purdue profits into offshore trusts. The …

Supreme Court Wrestles with OxyContin Maker’s Bankruptcy Deal, with Billions of Dollars at Stake

WASHINGTON (AP) — The Supreme Court on Monday wrestled with 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 …

Ruling Clears Way for Purdue Pharma to Settle Opioid Claims, Protect Sacklers

A federal court ruling cleared the way Tuesday for OxyContin maker Purdue Pharma’s settlement of thousands of legal claims over the toll of opioids. Under the plan approved by the 2nd U.S. Circuit Court of Appeals in New York, members …

Federal Judges Are Asked to Pave Way for Purdue Pharma Deal

Lawyers for OxyContin maker Purdue Pharma and many of those who had claims against the company over the toll of opioids joined together Friday to urge a federal judicial panel to allow a plan that would settle lawsuits across the …

Walgreens, Drugmakers Blame Others for San Francisco’s Opioid Crisis

Pharmacy chain Walgreens Boots Alliance and other defendants on Tuesday said they were not to blame for the opioid crisis in San Francisco, and that they acted responsibly when providing legal medications to patients in pain. “Almost all of those …

Facing Purdue Owners Brings Pain, Closure for Opioid Victims

NEW YORK (AP) — Kara Trainor composed herself, looked into a camera and began to speak to the drugmakers she holds responsible for two decades of suffering that has extended from her to a son born dependent on opioids. Three …

Opioid Victims to Confront Purdue Pharma’s Sacklers in Court

Victims of America’s opioid addiction epidemic will confront in court on Thursday the Sackler family members who own OxyContin-maker Purdue Pharma, in an attempt to force them to face their role in a crisis that claimed 500,000 overdose deaths. The …