Tagged Sackler family

Sackler family-owned Purdue Pharma files for bankruptcy
September 16, 2019 / Marcy Oster, JTA

(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 »

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)
August 29, 2019 / Marcy Oster, JTA

(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 »