Keyword Analysis & Research: sackler family fine


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How much did the Sackler family pay in civil fines?

CLARIFICATION (Oct. 22, 2020, 10:30 a.m. ET): An earlier version of this article referred to $225 million in civil fines paid by the Sackler family.

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 did Sackler pay Purdue so much?

The report shows the Sackler payments jumped beginning in 2008 – the year after Purdue agreed to pay a federal fine of $635m for misleading the public about OxyContin’s addiction risks. Federal data made public earlier this year showed that OxyContin sales grew even after the fine.

What is the value of the Sackler family business?

Bloomberg News reported in 2020 that the family had hired an investment bank to identify a potential buyer of the business. The company could fetch as much as $3 to $5 billion. Mortimer Sackler (1916–2010) obtained British citizenship and renounced American citizenship.

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