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A scion of the Sackler family, the billionaire owners of Purdue Pharma, vowed in court on Tuesday that the family would walk away from a $4.5 billion pledge to help communities nationwide that have been devastated by the opioid epidemic, unless a judge grants it immunity from all current and future civil claims associated with the company.How much money will the Sackler family get from the settlement?
They also will allow $175 million held in Sackler family charities to go toward abating the crisis. In all, Sackler family members are contributing $4.5 billion in cash and assets in the charitable funds toward the settlement.Who are the Sackler family and why did they win immunity?
Members of the Sackler family who are at the center of the nation's deadly opioid crisis have won sweeping immunity from opioid lawsuits linked to their privately owned company Purdue Pharma and its OxyContin medication.Why are we holding Purdue Pharma and the Sackler Family accountable?
We're holding Purdue Pharma and the Sackler family accountable for their role in fueling the opioid crisis. $4.5 billion will go to prevention, treatment, and recovery programs in communities across the US. Purdue will shut down and the Sacklers will never make opioids again.