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Purdue Pharma Sackler Family
The Sackler family is the owner of Purdue Pharma, a pharmaceutical company that produces OxyContin, an opioid painkiller. Purdue Pharma has been blamed for fueling the opioid epidemic in the United States. The Sackler family has been the subject of numerous lawsuits related to their involvement in the opioid crisis.
| Family name | Sackler |
| Company | Purdue Pharma |
| Drug | OxyContin |
| Blamed for | Fueling the opioid epidemic in the United States |
| Lawsuits | Numerous lawsuits related to their involvement in the opioid crisis |
| Settlement | $6 billion settlement with state attorneys general in March 2022 |
| Immunity | Grant immunity from opioid lawsuits to members of the Sackler family who own Purdue Pharma |
| Personal holdings | Increased the amount it pays from personal holdings from roughly $4.5 billion under a previous settlement to $6 billion |
| Supreme Court | Supreme Court temporarily blocked the Purdue Pharma settlement that would shield the Sackler family in August 2023 |
| Bankruptcy | Allow the company to emerge from bankruptcy as a different entity, with its profits used to fight the opioid epidemic |
| Lawsuits | Members of the Sackler family would be protected from lawsuits linked to the opioid crisis in exchange for the $6 billion settlement |
| Wrongdoing | The Sackler family has denied any wrongdoing, but Purdue Pharma has admitted criminal wrongdoing in two separate plea agreements with the U.S. Justice Department |
In 2020, the Department of Justice announced a global resolution of its criminal and civil investigations into Purdue Pharma and a civil resolution of its civil investigation into individual shareholders from the Sackler family. Under the settlement, individual members of the Sackler family will pay the United States $225 million arising from the alleged conduct of Dr. Richard Sackler.
In May 2023, a court ruled that the Sackler family will be protected from civil lawsuits linked to the opioid crisis in exchange for a $6 billion settlement. The Biden administration urged the Supreme Court to block a deal that lets the Sackler family avoid future lawsuits related to the opioid epidemic.
Recently, the Supreme Court temporarily blocked a Purdue Pharma settlement that would shield the Sackler family.
What happened to the Purdue Pharma Sackler Family?
The Sackler family, owners of Purdue Pharma, have been at the center of lawsuits related to the opioid crisis. In March 2022, Purdue Pharma and the Sackler family reached a $6 billion settlement with state attorneys general, which would grant immunity from opioid lawsuits to members of the Sackler family who own Purdue Pharma.
In exchange, the family agreed to increase the amount it pays from personal holdings from roughly $4.5 billion under a previous settlement to $6 billion.
However, in August 2023, the Supreme Court temporarily blocked the Purdue Pharma settlement that would shield the Sackler family.
The deal would allow the company to emerge from bankruptcy as a different entity, with its profits used to fight the opioid epidemic. Members of the Sackler family would be protected from lawsuits linked to the opioid crisis in exchange for the $6 billion settlement.
The Sackler family has denied any wrongdoing, but Purdue Pharma has admitted criminal wrongdoing in two separate plea agreements with the U.S. Justice Department.
FAQS
What is the Purdue Pharma Sackler family known for?
The Sackler family is known for owning Purdue Pharma, a pharmaceutical company that produces OxyContin, an opioid painkiller. Purdue Pharma has been blamed for fueling the opioid epidemic in the United States.
What lawsuits have been filed against the Sackler family?
The Sackler family has been the subject of numerous lawsuits related to their involvement in the opioid crisis. These lawsuits allege that the Sacklers knowingly misled doctors and patients about the addictiveness of OxyContin, which contributed to the opioid epidemic.
What is the future of the Sackler family?
It is still too early to say what the future holds for the Sackler family. The Supreme Court has not yet ruled on the settlement, and it is possible that the family could face criminal charges. However, even if the settlement is upheld, the Sackler family will still be required to pay $6 billion from their personal holdings. This will likely have a significant impact on their wealth and lifestyle.
