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The Sackler family is an American family who owned the pharmaceutical company Purdue Pharma and later founded Mundipharma. [1] Purdue Pharma, and some members of the family, have faced lawsuits regarding overprescription of addictive pharmaceutical drugs, including OxyContin .
If approved, Purdue Pharma will contribute $900 million upfront while the Sackler family pays $6.5 billion over the next 15 years – a $500 million increase from the previous settlement.
All About his net worth, settlement, and where he lives. The series looks at America's opioid crisis. Richard Sackler From Netflix's ‘Painkiller’ Is Still Worth $1 Billion
Court filings allege the Sackler family was long aware of the legal risks, and withdrew some $11bn from the company in the decade before its bankruptcy. They stashed much of the money overseas ...
All of the company's profits go to Sackler family trusts and entities. [31] According to a 2017 article in The New Yorker, Purdue Pharma is "owned by one of America's richest families, with a collective net worth of thirteen billion dollars". [30] Many US states allege the family is worth more than $13 billion. [32]
Purdue’s lawyer said the net worth of the “small number” Sackler family members who served as directors and officers in the company in the US is roughly $1.2 billion. A decision in the case ...
Richard Stephen Sackler (born March 10, 1945) [1] is an American businessman and physician who was the chairman and president of Purdue Pharma, a former company best known as the developer of OxyContin, whose role in the opioid epidemic in the United States became the subject of many lawsuits and fines, filing for bankruptcy in 2019.
"Today, we are forcing Purdue Pharma and the Sackler family to pay $7.4 billion for their role in igniting one of the most devastating public health crises in American history."