Sackler Family

National

Critics Want Sacklers To Face Criminal Charges For Role In Opioid Crisis

3:05pm November 25, 2020

by Brian Mann

A new plea deal with the Justice Department is the second time the family-owned company admitted criminal schemes to boost Oxycontin sales. Despite their hands-on role, the Sacklers face no charges.

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Oxycodone pain pills are displayed in 2016.

Federal Judge Approves Landmark $8.3 Billion Purdue Pharma Opioid Settlement

9:27pm November 17, 2020

by Brian Mann

The controversial deal hashed out between the Department of Justice and the maker of Oxycontin provides hundreds of millions of dollars of relief for communities hit hard by the opioid epidemic.

Purdue Pharma headquarters in Stamford, Conn., in 2019. Purdue Pharma, the maker of OxyContin, and its owners, the Sackler family, have faced hundreds of lawsuits over the company's alleged role in the opioid epidemic that has killed more than 200,000 Ame

Purdue Pharma Reaches $8B Opioid Deal With Justice Department Over OxyContin Sales

4:42pm October 21, 2020

by Brian Mann

Critics say the settlement doesn't hold company executives or members of the Sackler family accountable for their aggressive marketing of OxyContin, which helped fuel the nation's opioid epidemic.

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Tufts University stripped the Sackler name from several of its buildings and divisions earlier this month, citing the billionaire family's role in the opioid crisis. The founders of Purdue Pharma have come under intense scrutiny for how their company misl

Sacklers Withdrew Nearly $11 Billion From Purdue As Opioid Crisis Mounted

1:41pm December 17, 2019

by Colin Dwyer

According to a court filing Monday, the family pulled about $10.7 billion from Purdue since 2008 — ramping up withdrawals even after executives pleaded guilty to misleading regulators about OxyContin.

Family and friends who lost loved ones to OxyContin and opioid overdoses left pill bottles in protest outside the Stamford, Conn., headquarters of Purdue Pharma in August 2018.

National

Partisan Divide Grows Over Opioid Settlement Plan

11:39am October 20, 2019

by Brian Mann

While most Republican attorneys general embrace Purdue Pharma's structured bankruptcy plan, all but two Democratic attorneys general reject it. "This is a moral issue for them," one expert says.

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Purdue Pharma headquarters in Stamford, Conn, shown last week. The company, which makes OxyContin and other drugs, filed court papers in New York on Sunday seeking Chapter 11 bankruptcy protection.

Purdue Pharma, Accused Of Fueling Opioid Crisis, Files For Chapter 11

4:22pm September 16, 2019

by Bobby Allyn

The bankruptcy follows the Sackler family, which owns Purdue, agreeing to surrender control of the company and offering $3 billion in cash to opioid-hit communities.

Members of P.A.I.N. (Prescription Addiction Intervention Now) and Truth Pharm staged a protest on Thursday outside Purdue Pharma headquarters in Stamford, Conn., over its recent controversial opioid settlement.

National

New York AG Says Sacklers Transferred $1B From Pharma Accounts To Themselves

9:43pm September 13, 2019

by Richard Gonzales

The revelation comes after almost two dozen states reached a tentative settlement with the maker of Oxycontin.