(JTA) — The Sackler family-owned Purdue Pharma filed for bankruptcy as part of a tentative $12 billion settlement with dozens of state and local governments that filed lawsuits accusing the company of fueling and profiting from the opioid epidemic. The company’s board met Sunday evening to approve the move,… Read more »
Tagged Purdue Pharma
Sackler family in talks to give up ownership of Purdue Pharma under proposed opioid settlement
A view of Purdue Pharma headquarters in Stamford, Conn., owned by the Sackler family. (Drew Angerer/Getty Images)
(JTA) — The Sackler family would give up ownership of Purdue Pharma and pay $3 billion of its own money to settle thousands of state and federal lawsuits over its role in fueling the nation’s opioid epidemic. The settlement, according to a tentative negotiated agreement described to NBC and… Read more »
London museum rejects donation from Sackler family over opioid crisis
(JTA) — The National Portrait Gallery in London will not accept a donation of $1.3 million from the Sackler family, which owns Purdue Pharma, the company that makes the opioid OxyContin. Members of the family are facing a series of lawsuits accusing them of profiting off of the opioid… Read more »
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