Sackler

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Top Colleges Kept Taking Sacklers' Money

At least nine schools accepted donations in the past two years

(Newser) - Prestigious universities around the world have accepted at least $60 million over the past five years from the family that owns the maker of OxyContin, even as the company became embroiled in lawsuits related to the opioid epidemic, financial records show. Some of the donations arrived before recent lawsuits blaming... More »

Judge Keeps Purdue Pharma in Business During Cases

Settlement figures on the OxyContin maker remaining viable

(Newser) - A judge cleared the way Tuesday for OxyContin maker Purdue Pharma to stay in business while it pursues bankruptcy protection and settlement of more than 2,600 lawsuits filed against it in a reckoning over the opioid crisis. At the first hearing since the Chapter 11 filing Sunday, Purdue secured... More »

New York AG Uncovers $1B Wired by Sackler Family

Transfers boost suspicions that owners of OxyContin maker Purdue tried to shield wealth

(Newser) - The family that owns OxyContin maker Purdue Pharma used Swiss and other hidden accounts to transfer $1 billion to themselves, New York's attorney general contends in court papers filed Friday. New York—asking a judge to enforce subpoenas of companies, banks, and advisers to Purdue and its owners, the... More »

Tentative Deal Reached in Purdue Pharma Lawsuits

OxyContin maker reaches tentative settlement with some of the states, governments suing

(Newser) - A tentative settlement announced Wednesday over the role Purdue Pharma played in the nation's opioid addiction crisis falls short of the far-reaching national settlement the OxyContin maker had been seeking for months, with litigation sure to continue against the company and the family that owns it. The agreement with... More »

Purdue Settlement Could Leave Sacklers Wealthy

Opioid deal might leave family with more than $1B

(Newser) - OxyContin made the Sacklers fabulously wealthy. Even after a multibillion-dollar settlement of 2,000 lawsuits against the family and its company, they could still be. Under the $10 billion to $12 billion deal under negotiation, the Sacklers would give up control of Purdue Pharma, the Washington Post reports. The company... More »

Arizona Has Interesting Idea in Fight Against Opioids

State files lawsuit against Sackler family directly with the Supreme Court

(Newser) - The latest lawsuit filed against the Sackler family, billionaire owners of OxyContin maker Purdue Pharma, is being called "novel" and "audacious" by the New York Times and "highly unusual" by the Hill —because it was filed directly with the highest court in the land. Arizona is... More »

Louvre Covers Sackler Family Name With Tape

It's first major institution to remove the name

(Newser) - France's Louvre Museum in Paris has become the first major institution to remove the Sackler family name after protests erupted against the family that is blamed for the deadly opioid crisis in the US. At the Louvre's Oriental Antiquities gallery, an AP photographer late Wednesday saw tape covering... More »

Landmark Opioid Trial Hinges on a Legal Term

What is a 'public nuisance'?

(Newser) - A landmark trial got underway Tuesday in Oklahoma—the first big test of whether a state can hold drug manufacturers responsible for the opioid crisis, reports the Wall Street Journal . In opening arguments, Attorney General Mike Hunter said these painkillers have led to the "worst manmade public health crisis"... More »

Sackler Family Hears Bad News All Week

Lawsuit targets family who made a fortune on OxyContin as museums say 'no thanks'

(Newser) - From the outside, it appears that life has been good—and fabulously profitable—for the Sackler family since the launch of OxyContin in 1995. The Sacklers, whose Purdue Pharma produces the drug, have made their philanthropic mark with well-publicized, large donations to universities and art galleries even as the opioid... More »

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