Sacklers and Purdue Reach Settlement - But Refuse to Admit Responsibility - as Opioids Crisis Continues | Newtown News of Interest |

[Richard Sackler, the former president of Purdue Pharma, is perhaps the best-known among the billionaire Sacklers, who for nearly 20 years was the family member who figured most prominently in the company’s rollout of its signature prescription painkiller, OxyContin.]


Sacklers and Purdue Pharma Reach New Deal With States Over Opioids


The agreement brought holdout states on board, and would settle thousands of lawsuits over the company’s and family’s roles in the opioid epidemic. The Sacklers agreed to pay an extra billion dollars.


Members of the billionaire Sackler family and their company, Purdue Pharma, have reached a deal with a group of states that had long resisted the company’s bankruptcy plan, opening the way for billions of dollars to begin flowing to addiction treatment programs nationwide, according to a court filing Thursday.


If Judge Robert Drain, who has presided over the bankruptcy proceedings in White Plains, N.Y., approves the agreement, the Sacklers will pay as much as $6 billion to help communities address the damages wrought by the opioid crisis.


In a statement in the report, two branches of the Sacklers did not acknowledge wrongdoing or any personal responsibility for the public health crisis.