Keyword Analysis & Research: the sackler family lawsuit

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What is the Sackler family famous for?

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.

Who are the Sacklers and why are they being sued?

The two lawsuits are part of a burst of recent litigation that has taken aim at the Sacklers, a far-flung billionaire family that has a network of trusts and companies in the United States and abroad.

Why did Purdue Pharma’s settlement with the Sackler family fail?

A judge has rejected the OxyContin maker Purdue Pharma’s bankruptcy settlement of thousands of lawsuits over the opioid epidemic because of a provision that would protect members of the Sackler family from facing litigation of their own.

What does the Sackler settlement mean for the opioid industry?

In exchange for payments of $4.5 billion from Sackler family members, the settlement grants them, as well as Purdue, shields against all civil opioid claims. Credit...

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