NEW YORK – New York Attorney General Letitia James today announced a resolution of her lawsuit against the Sackler family and their company, Purdue Pharma, for their role in fueling the opioid crisis. The agreement will, first and foremost, shut down Purdue Pharma and end the Sackler family’s ability to manufacture opioids ever again.How many lawsuits have been filed against the Sackler family?
Of course, at this point some of the lawsuits had broken through: More than two dozen states had filed suit against individual Sackler board members. But the Sacklers and Purdue requested that the bankruptcy judge freeze any lawsuits against family members — even though the family had not declared bankruptcy.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.Why did the Sackler family win immunity from opioid lawsuits?
The Sackler family on Wednesday won immunity from opioid lawsuits linked to Purdue Pharma, their privately owned company, and its OxyContin medication when a federal judge approved a bankruptcy settlement to resolve thousands of opioid lawsuits. OxyContin is a prescription painkiller that is stronger than morphine.