The Sackler family is an American family who owned the pharmaceutical company Purdue Pharma and later founded Mundipharma. [1] Purdue Pharma, and some members of the family, have faced lawsuits regarding overprescription of …

Jan 23, 2025 · Members of the Sackler family who own OxyContin maker Purdue Pharma, and the company itself, agreed to pay up to $7.4 billion to settle lawsuits over the toll of the powerful prescription painkiller.

Jan 23, 2025 · The Sackler family will pay the vast majority of the settlement — a total of $6.5 billion over 15 years — while Purdue will pay nearly $900 million up front, if it's approved by the court.

Jan 23, 2025 · Among the manufacturers named in the complaint were Purdue Pharma and its affiliates as well as members of the Sackler Family and trusts they control. In 2021, the U.S. Bankruptcy Court for the Southern District of New York approved a multistate settlement covering Purdue and the Sackler family that would have required them to pay more than $5. ...

Jan 23, 2025 · Attorney General William Tong today announced a $7.4 billion settlement in principle between states, victims and members of the Sackler family and their company Purdue Pharma, Inc. (Purdue) for their role in the opioid crisis. The settlement in principle adds $1.4 billion more than the prior settlement invalidated by the U.S. Supreme Court in June 2024, while also accelerating aid to states ...

Jan 23, 2025 · Members of the Sackler family, who own OxyContin maker Purdue Pharma, and the company itself agreed to pay up to $7.4 billion in a settlement to lawsuits over the toll of the opioid painkiller.

Sacklers Will Pay Up To $6.5 Billion Over 15 Years; Purdue Will Pay Nearly $900 Million On Court Approval RICHMOND, VA — Attorney General Jason Miyares today announced a $7.4 billion multistate settlement in principle with members of the Sackler family and their company Purdue Pharma, Inc. (Purdue) for their leading role in creating and ...

Jan 23, 2025 · Texas Attorney General Ken Paxton today announced that a bipartisan coalition of states and other parties reached a $7.4 billion settlement in principle with members of the Sackler family and their company Purdue Pharma, Inc. (“Purdue”) …

Jun 27, 2024 · As the nation continues to grapple with the opioid epidemic, the Sackler family had agreed to pay $6 billion to families and states as part of an agreement to wind down Purdue Pharma, the maker...

Aug 11, 2023 · The Supreme Court on Thursday blocked Purdue Pharma from going forward with bankruptcy proceedings, which the Biden administration has called an “unprecedented” arrangement that would ultimately...