Search results
Dec 5, 2023 · The proposed settlement would allow Purdue Pharma to restructure as a different company, with the Sackler family relinquishing control and contributing up to $6 billion in profits towards...
The Sackler family is an American family who owned the pharmaceutical company Purdue Pharma and later founded Mundipharma. Purdue Pharma, and some members of the family, have faced lawsuits regarding overprescription of addictive pharmaceutical drugs, including OxyContin .
People also ask
Did the Sackler family get a deal with Purdue Pharma?
How much money does Purdue owe the Sacklers?
Why did the Supreme Court block Purdue Pharma from filing bankruptcy?
Why did Purdue Pharma go bankrupt?
Apr 2, 2021 · But this is Michael Sackler, the 33-year-old heir to Purdue Pharma, whose golden goose drug OxyContin contributed to the national opioid epidemic that has killed more than 450,000 Americans...
Aug 11, 2023 · CNN — 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...
Dec 4, 2023 · In exchange, the deal shields members of the Sackler family from personal liability, though they owned and ran the company. Just what happened at Purdue Pharma, and what the Sacklers did,...
- Nina Totenberg
Sep 1, 2021 · Purdue Pharma, the maker of the highly addictive painkiller OxyContin, was dissolved on Wednesday in a wide-ranging bankruptcy settlement that will require the company’s owners, members of the...
Dec 4, 2023 · The Supreme Court heard arguments on Monday over a bankruptcy deal for Purdue Pharma that would give billions of dollars to those harmed by the opioid epidemic in exchange for shielding members...
