Under the new settlement, the Sacklers will pay between $5.5 and $6 billion to a trust that will be used to pay the claims of opioid creditors, including states, victims of addiction, hospitals, and municipalities.
Sackler familySackler family agrees to pay $6 billion in new opioid settlement between Purdue Pharma and states. OxyContin maker Purdue Pharma reached a settlement Thursday over its role in the nation's deadly opioid crisis that includes U.S. states and thousands of local governments.
Prolific art collectors, the Sacklers own hundreds of millions of dollars of paintings, jewelry and other collectibles. The art collection alone of Theresa Sackler, Mortimer's wife, is worth more than $50 million, according to court reports, while Richard Sackler's collection is estimated at about $26 million.
Individuals who have not yet filed a claim against Purdue Pharma are encouraged to do so. All claims must be filed by July 30, 2020 at 5 p.m. to be considered valid. If you or a loved one were one of millions affected by the opioid crisis, learn more about filing a claim.
Most of the Sacklers prefer to stay out of the public light. Richard now resides in Florida.
“We're pleased with the settlement achieved in mediation, under which all of the additional settlement funds will be used for opioid abatement programs, overdose rescue medicines, and victims,” Purdue Pharma said in a statement issued separately from the family's.
internistDr. Sackler — who trained as an internist but embraced a career as a pharmaceutical executive for the Stamford, Conn. -based company originally overseen in part by his father, Dr. Raymond Sackler — is known for having thrown himself into Purdue's operations.
"Because we were documenting the crimes of Purdue Pharma, the show needed to feel as real as possible," Macy said. Anything that didn't feel real wouldn't fly. But Strong says several characters in Dopesick are fictionalized—their character arcs assembled from the stories of a few different people.
Purdue has twice pleaded guilty to criminal charges, but no members of the Sackler family have been charged with crimes.
OxyContin, a trade name for the narcotic oxycodone hydrochloride, is a painkiller available in the United States only by prescription. OxyContin is legitimately prescribed for relief of moderate to severe pain resulting from injuries, bursitis, neuralgia, arthritis, and cancer.
March 3 (Reuters) - The Sackler family owners of Purdue Pharma LP reached a deal with a group of attorneys general to pay up to $6 billion in cash to resolve widespread litigation alleging that they fueled the U.S. opioid epidemic, bringing the OxyContin maker closer to exiting bankruptcy.
The Sacklers will lose control of Purdue Pharma, which will be organized into a new company named Knoa Pharma with a board appointed by public officials.
March 3 (Reuters) - The Sackler family owners of Purdue Pharma LP reached a deal with a group of attorneys general to pay up to $6 billion in cash to resolve widespread litigation alleging that they fueled the U.S. opioid epidemic, bringing the OxyContin maker closer to exiting bankruptcy.
Purdue Pharma has admitted criminal wrongdoing in two separate plea agreements with the U.S. Justice Department. Though the Sacklers themselves have never been charged with any personal wrongdoing, they agreed to pay $225 million to the Department of Justice as part of a separate settlement in 2020.
Carol Panara, former Purdue Pharma sales representative, says she was trained to tell doctors that patients might only appear to be addicted, when in fact they're just in pain.
In December 2021, the U.S. District Court vacated the Purdue bankruptcy order, agreeing that the Bankruptcy Court lacked authority to force states to release their claims against the Sackler family. This settlement is conditioned on approval by the Bankruptcy Court of the revised bankruptcy plan.