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...