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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.What happened to the Sackler family?
Mortimer died in 2010, after making billions on OxyContin but well before the onslaught of lawsuits and probes that would leave the Sacklers’ reputation in tatters around the world. In the end, it was his widow Theresa and daughters Kathe and Ilene, along with five other members of the Sackler clan who served on the Purdue Pharma board]How much did the Sackler family offer to settle the Purdue case?
As an army of lawyers haggled over the carcass of Purdue, the Sacklers advocated a “ global resolution, ” a single deal that would address all of the claims against the company and the family. Their offer: $4.5 billion, with no admission of wrongdoing by the family and permanent immunity from any future civil liability related to the opioid crisis.Who is Kathe Sackler and what did she do?
Kathe Sackler, former Vice President and member of the Board of Directors of Purdue Pharma, is sworn in to testify by video link during an entirely virtual hearing of the U.S. House Oversight Committee on “The Role of Purdue Pharma and the Sackler Family in the Opioid Epidemic,” on Dec. 17, 2020.