Supreme Court blocks, for now, OxyContin maker bankruptcy deal that would shield Sacklers
1 year, 4 months ago

Supreme Court blocks, for now, OxyContin maker bankruptcy deal that would shield Sacklers

Associated Press  

WASHINGTON — The Supreme Court on Thursday temporarily blocked a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family who own the company from civil lawsuits over the toll of opioids. But a key component of the agreement would shield family members, who are not seeking bankruptcy protection as individuals, from lawsuits. “We are confident in the legality of our nearly universally supported Plan of Reorganization, and optimistic that the Supreme Court will agree,” the company said in a statement following the court’s action Thursday. Trustee, despite having no concrete interest in the outcome of this process, has been able to single-handedly delay billions of dollars in value that should be put to use for victim compensation, opioid crisis abatement for communities across the country, and overdose rescue medicines.” Ed Neiger, a lawyer representing individual victims of the opioid crisis who would be in line for a piece of the settlement, said it was a disappointment that they would have to wait longer for any compensation but also praised the court for agreeing to hear the case so soon.

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History of this topic

The threat of litigation looms as Purdue Pharma returns to settlement talks
5 months, 2 weeks ago

The threat of litigation looms as Purdue Pharma returns to settlement talks

Associated Press  

OxyContin maker Purdue Pharma is trying to chart the course for a new mass settlement of thousands of lawsuits over the toll of opioids after the U.S. Supreme Court last month rejected its previous deal, which was years in the making. The deal it ultimately struck called for Sackler family members, who had already left the company’s board of directors, …

Supreme Court shreds $6 billion opioid settlement plan in ruling against Sackler family
5 months, 3 weeks ago

Supreme Court shreds $6 billion opioid settlement plan in ruling against Sackler family

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} The …

US Supreme Court blocks Purdue Pharma bankruptcy settlement that would have protected Sackler family
5 months, 3 weeks ago

US Supreme Court blocks Purdue Pharma bankruptcy settlement that would have protected Sackler family

ABC  

In short: The US Supreme Court has ruled against a bankruptcy plan that would have shielded the Sackler family from legal liability. Bankruptcy may become a less attractive way to resolve sprawling lawsuits after a US Supreme Court ruling blocked OxyContin maker Purdue Pharma's settlement. On Thursday, the court ruled against an estimated $US6 billion Purdue Pharma bankruptcy plan that …

US Supreme Court blocks bankruptcy settlement with OxyContin maker Purdue Pharma
5 months, 3 weeks ago

US Supreme Court blocks bankruptcy settlement with OxyContin maker Purdue Pharma

Hindustan Times  

The U.S. Supreme Court on Thursday blocked OxyContin maker Purdue Pharma's bankruptcy settlement that would have shielded its wealthy Sackler family owners from lawsuits over their role in the nation's deadly opioid epidemic. The Supreme Court on Thursday, June 27, 2024, rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have shielded members of the Sackler family who …

The legal odyssey for OxyContin maker Purdue Pharma and its owners is complex. Here’s what to know
5 months, 3 weeks ago

The legal odyssey for OxyContin maker Purdue Pharma and its owners is complex. Here’s what to know

Associated Press  

Members of the Sackler family who own OxyContin maker Purdue Pharma have been cast as prime villains in the U.S. opioid epidemic. At the time of the drug’s 1996 launch, Richard Sackler, a son of Raymond who was then a Purdue executive and later became president and board chair, told the company’s sales force at a meeting that there would …

The Supreme Court rejects a nationwide opioid settlement with OxyContin maker Purdue Pharma
5 months, 3 weeks ago

The Supreme Court rejects a nationwide opioid settlement with OxyContin maker Purdue Pharma

Associated Press  

WASHINGTON — The Supreme Court on Thursday rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have shielded members of the Sackler family who own the company from civil lawsuits over the toll of opioids but also would have provided billions of dollars to combat the opioid epidemic. Justice Neil Gorsuch, writing for the majority, said “nothing in …

US Supreme Court rejects opioid settlement that shields Sackler family
5 months, 3 weeks ago

US Supreme Court rejects opioid settlement that shields Sackler family

Al Jazeera  

Decision reverses a lower court’s ruling that had upheld plan to give Purdue Pharma’s owners immunity in exchange for paying up to $6bn to settle thousands of lawsuits. The US Supreme Court has blocked OxyContin maker Purdue Pharma’s bankruptcy settlement, which would have shielded its wealthy Sackler family owners from lawsuits over their role in the deadly opioid epidemic in …

Supreme Court upsets $10-billion opioid settlement because it shields the Sacklers
5 months, 3 weeks ago

Supreme Court upsets $10-billion opioid settlement because it shields the Sacklers

LA Times  

The Supreme Court on Thursday rejected a mass settlement related to the nation’s opioid crisis that would have paid an estimated $10 billion to victims, hospitals, states and others, and shielded the Sackler family from further liability. The Sacklers, owners of the Purdue Pharma company, had denied wrongdoing but agreed to contribute $6 billion to the settlement fund if they …

Opinion: Is the $6-billion payout enough punishment for the Sackers who brought us the opioid crisis?
1 year ago

Opinion: Is the $6-billion payout enough punishment for the Sackers who brought us the opioid crisis?

LA Times  

Family members of those who died in the opioid crisis protested the Sackler deal as the Supreme Court heard oral arguments in the case on Monday. On Monday, the Supreme Court heard arguments in the complex bankruptcy case of Purdue Pharma, whose owners, the Sackler family, have become synonymous with the carnage wreaked on American families by the profligate and …

The Supreme Court wrestles with OxyContin maker’s bankruptcy deal, with billions of dollars at stake
1 year ago

The Supreme Court wrestles with OxyContin maker’s bankruptcy deal, with billions of dollars at stake

Associated Press  

WASHINGTON — The Supreme Court on Monday wrestled with a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family who own the company from civil lawsuits over the toll of opioids. “The Sacklers didn’t come anywhere close to doing that.” Arguments lasted nearly two hours in a packed courtroom, its doors draped in black …

US Supreme Court scrutinizes controversial opioid crisis settlement that would give Sackler family immunity
1 year ago

US Supreme Court scrutinizes controversial opioid crisis settlement that would give Sackler family immunity

CNN  

CNN — The Supreme Court spent nearly two hours Monday morning grappling with whether federal bankruptcy code permits a controversial agreement that would give billions of dollars to victims of the opioid epidemic while protecting members of the Sackler family, who owned the company Purdue Pharma, from current and future opioid-related civil lawsuits. Monday’s arguments unfolded as scores of demonstrators …

OxyContin maker’s settlement plan divides victims of opioid crisis. Now it’s up to the Supreme Court
1 year, 1 month ago

OxyContin maker’s settlement plan divides victims of opioid crisis. Now it’s up to the Supreme Court

Associated Press  

WASHINGTON — The agreement by the maker of OxyContin to settle thousands of lawsuits over the harm done by opioids could help combat the overdose epidemic that the painkiller helped spark. In exchange for giving up ownership of drug manufacturer Purdue Pharma and for contributing up to $6 billion to fight the crisis, members of the wealthy Sackler family would …

Court says OxyContin maker’s bankruptcy and protections for Sackler family members can move ahead
1 year, 4 months ago

Court says OxyContin maker’s bankruptcy and protections for Sackler family members can move ahead

Associated Press  

OxyContin maker Purdue Pharma can start executing a settlement that protects members of the Sackler family who own the company from civil lawsuits over the toll of opioids, a court ruled Tuesday. Circuit Court of Appeals in New York allows the company’s transformation to start — though it’s still subject to approval from another court. The trustee warned the 2nd …

Sackler family, the maker of OxyContin, will be shielded from lawsuits as part of $6B settlement
1 year, 6 months ago

Sackler family, the maker of OxyContin, will be shielded from lawsuits as part of $6B settlement

Associated Press  

A federal appeals court cleared the way for the maker of OxyContin to settle thousands of legal claims tied to the opioid epidemic while shielding the wealthy owners of Purdue Pharma, the Sackler family, from future lawsuits. Tuesday’s decision also protects members of the Sackler family from lawsuits over the toll of opioids, even though they did not file for …

Federal judges are asked to pave way for Purdue Pharma deal
2 years, 7 months ago

Federal judges are asked to pave way for Purdue Pharma deal

Associated Press  

Lawyers for OxyContin maker Purdue Pharma and many of those who had claims against the company over the toll of opioids joined together Friday to urge a federal judicial panel to allow a plan that would settle lawsuits across the country. “That’s the fundamental inconsistency here.” Lawyers for Purdue and others who support the settlement said that the protections for …

Judge favors boosting Sackler payment in Purdue Pharma deal
2 years, 9 months ago

Judge favors boosting Sackler payment in Purdue Pharma deal

Associated Press  

A judge said Wednesday that he would approve a plan that locks members of the Sackler family who own OxyContin maker Purdue Pharma into pumping at least another $1.2 billion into a nationwide lawsuit settlement that, if ultimately confirmed, would transform the company into a public trust. Aaron Cahn, a lawyer representing West Virginia, called the extra $277 million for …

Opioid crisis victims confront Purdue Pharma’s Sackler family
2 years, 9 months ago

Opioid crisis victims confront Purdue Pharma’s Sackler family

Al Jazeera  

In a rare hearing, two dozen people whose lives and families have been wracked by opioid abuse give statements in US Bankruptcy Court. Thursday’s unusual hearing, conducted virtually in United States Bankruptcy Court, gave them what they have wanted for years: the chance to confront members of the billionaire Sackler family who own OxyContin maker Purdue Pharma and tell them …

Purdue Pharma, US states agree to new opioid settlement
2 years, 9 months ago

Purdue Pharma, US states agree to new opioid settlement

Associated Press  

Purdue Pharma reached a nationwide settlement Thursday over its role in the opioid crisis, with the Sackler family members who own the company boosting their cash contribution to as much as $6 billion in a deal intended to staunch a flood of lawsuits facing the maker of OxyContin. “While the families have acted lawfully in all respects, they sincerely regret …

Purdue Pharma’s Sacklers reach $6BN opioid deal with US states
2 years, 9 months ago

Purdue Pharma’s Sacklers reach $6BN opioid deal with US states

Al Jazeera  

The deal eases Purdue Pharma’s path towards resolving trillions of dollars in claims and gives the Sackler family broad immunity from future opioid lawsuits in the United States. Members of the billionaire Sackler family that own Purdue Pharma LP have agreed to a bigger opioid settlement with the handful of states that worked to overturn its prior deal. The agreement …

Purdue Pharma, U.S. states agree to new opioid settlement
2 years, 9 months ago

Purdue Pharma, U.S. states agree to new opioid settlement

LA Times  

OxyContin maker Purdue Pharma reached a settlement Thursday over its role in the nation’s deadly opioid crisis that includes U.S. states and thousands of local governments, with the Sackler family members who own the company boosting their cash contribution to as much as $6 billion. While the families have acted lawfully in all respects, they sincerely regret that OxyContin, a …

Suits against OxyContin owners on hold; negotiations ordered
2 years, 11 months ago

Suits against OxyContin owners on hold; negotiations ordered

Associated Press  

Even though one judge rejected OxyContin maker Purdue Pharma’s sweeping settlement of thousands of lawsuits over the opioid crisis, another refused Wednesday to allow litigation to move ahead just yet against members of the Sackler family who own the company — but also ordered negotiations for a reworked settlement. Sackler family members would also contribute $4.5 billion in cash and …

Judge rejects Purdue Pharma’s sweeping opioid settlement
3 years ago

Judge rejects Purdue Pharma’s sweeping opioid settlement

Associated Press  

A federal judge rejected OxyContin maker Purdue Pharma’s bankruptcy settlement of thousands of lawsuits over the opioid epidemic Thursday because of a provision that would protect members of the Sackler family from facing litigation of their own. Connecticut Attorney General William Tong, who was among a handful of state officials seeking to have the deal undone, called the ruling “a …

US judge overturns $US4.5b deal shielding Sackler family from opioid lawsuits
3 years ago

US judge overturns $US4.5b deal shielding Sackler family from opioid lawsuits

ABC  

A US federal judge rejected 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. Key points: Purdue sought bankruptcy protection in 2019 as it faced thousands of lawsuits claiming it pushed doctors to prescribe OxyContin On appeal, …

States: Sackler family members abusing bankruptcy process
3 years ago

States: Sackler family members abusing bankruptcy process

Associated Press  

NEW YORK — A federal judge should reject a sweeping settlement to thousands of lawsuits against OxyContin maker Purdue Pharma, a group of states said at a hearing Tuesday, arguing that the protections it extends to members of the Sackler family who own the firm are improper. “If that is not an abuse of the bankruptcy process,” Purcell said, “it’s …

Appeals are mounting in Purdue Pharma bankruptcy settlement
3 years, 2 months ago

Appeals are mounting in Purdue Pharma bankruptcy settlement

Associated Press  

Objections to a historic settlement with Purdue Pharma are mounting in the form of appeals, with Rhode Island’s attorney general saying Wednesday the plan doesn’t hold the OxyContin maker or its owners accountable for its role in sparking the opioid crisis. Rhode Island Attorney General Peter Neronha, a Democrat, said he doesn’t accept that the resolution between Purdue Pharma and …

Use of OxyContin profits to fight opioids formally approved
3 years, 3 months ago

Use of OxyContin profits to fight opioids formally approved

Associated Press  

A judge formally approved a plan Friday to turn OxyContin maker Purdue Pharma into a new company no longer owned by members of the Sackler family and with its profits going to fight the opioid epidemic. U.S. Bankruptcy Judge Robert Drain officially confirmed the reorganization Friday, more than two weeks after he announced he would do so pending two largely …

The DOJ Moves To Block The Purdue Pharma Bankruptcy Deal That Shields The Sacklers
3 years, 3 months ago

The DOJ Moves To Block The Purdue Pharma Bankruptcy Deal That Shields The Sacklers

NPR  

The DOJ Moves To Block The Purdue Pharma Bankruptcy Deal That Shields The Sacklers Enlarge this image toggle caption Victor J. Blue/Bloomberg/Getty Images Victor J. Blue/Bloomberg/Getty Images A division of the Justice Department that serves as a watchdog over the federal bankruptcy system filed an appeal late Wednesday seeking to block the controversial Purdue Pharma bankruptcy plan. But throughout a …

Legal shield for Purdue Pharma owners is at heart of appeals
3 years, 3 months ago

Legal shield for Purdue Pharma owners is at heart of appeals

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Critics say the company's best-selling prescription painkiller helped fuel …

Judge conditionally approves Purdue Pharma opioid settlement
3 years, 3 months ago

Judge conditionally approves Purdue Pharma opioid settlement

Associated Press  

A federal bankruptcy judge gave conditional approval Wednesday to a sweeping settlement that will remove the Sackler family from ownership of OxyContin maker Purdue Pharma and devote potentially $10 billion to fighting the opioid crisis that has killed a half-million Americans over the past two decades. “Let’s help the people who are really struggling with this disease.” In a statement, …

The Sacklers, Who Made Billions From OxyContin, Win Immunity From Opioid Lawsuits
3 years, 3 months ago

The Sacklers, Who Made Billions From OxyContin, Win Immunity From Opioid Lawsuits

NPR  

The Sacklers, Who Made Billions From OxyContin, Win Immunity From Opioid Lawsuits Enlarge this image toggle caption Brian Mann Brian Mann Members of the Sackler family who are at the center of the nation's deadly opioid crisis have won sweeping immunity from opioid lawsuits linked to their privately owned company Purdue Pharma and its OxyContin medication. Federal Judge Robert Drain …

Ex-chair of Purdue denies responsibility for opioid crisis
3 years, 4 months ago

Ex-chair of Purdue denies responsibility for opioid crisis

Associated Press  

The former president and board chair of the company that makes OxyContin told a court Wednesday that he, his family and the company did not cause the opioid crisis in the United States. Richard Sackler, a member of the family that owns Purdue Pharma, was asked under oath during a federal bankruptcy hearing whether he, his kin or the company …

Ex Purdue Pharma chief denies responsibility for US opioid crisis
3 years, 4 months ago

Ex Purdue Pharma chief denies responsibility for US opioid crisis

Al Jazeera  

Richard Sackler’s denial of responsibility for the opioid crisis comes a day after another Sackler family member said the group would not accept a settlement without guarantees of immunity from further legal action. For each, he gave a one-word answer: “No.” Richard Sackler’s denial of responsibility for the opioid crisis comes a day after another Sackler family member said the …

Ex-chair of Purdue denies responsibility for opioid crisis
3 years, 4 months ago

Ex-chair of Purdue denies responsibility for opioid crisis

LA Times  

Richard Sackler, a member of the family that owns Purdue Pharma, denied under oath during a federal bankruptcy hearing that he, his kin or the company bear responsibility for the opioid crisis. Richard Sackler, a member of the family that owns Purdue Pharma, was asked under oath during a federal bankruptcy hearing whether he, his kin or the company bear …

Heir: Sacklers won’t settle unless freed from opioid suits
3 years, 4 months ago

Heir: Sacklers won’t settle unless freed from opioid suits

Associated Press  

Members of the family that owns OxyContin maker Purdue Pharma won’t contribute billions of dollars to a legal settlement unless they get off the hook for all current and future lawsuits over the company’s activities, one of them told a court Tuesday in a rare public appearance. David Sackler, grandson of one of the brothers who nearly 70 years ago …

Heir: Sacklers won't settle unless freed from opioid suits
3 years, 4 months ago

Heir: Sacklers won't settle unless freed from opioid suits

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. David Sackler, grandson of one of …

Sacklers won’t pay up in US opioid suit unless granted protection
3 years, 4 months ago

Sacklers won’t pay up in US opioid suit unless granted protection

Al Jazeera  

The family that owns OxyContin maker Purdue Pharma will not pay billions to a legal settlement unless they get protection from future lawsuits, a family heir told a court Tuesday. Members of the family that owns OxyContin maker Purdue Pharma won’t contribute billions of dollars to a legal settlement unless they get off the hook for all current and future …

West Virginia opposes Purdue Pharma bankruptcy plan
3 years, 5 months ago

West Virginia opposes Purdue Pharma bankruptcy plan

Associated Press  

CHARLESTON, W.Va. — West Virginia Attorney General Patrick Morrisey said he will oppose OxyContin maker Purdue Pharma’s bankruptcy plan, arguing that his state, one of the hardest hit by the opioid epidemic, would get shorted in settlement money. “I remain vigorously opposed to a proposed allocation formula that would distribute settlement funds largely based on a state or local government’s …

More US states reach deal in OxyContin maker Purdue’s bankruptcy
3 years, 5 months ago

More US states reach deal in OxyContin maker Purdue’s bankruptcy

Al Jazeera  

If approved by the court, the bankruptcy plan would include legal releases shielding Purdue Pharma LP’s wealthy owners, the Sackler family, from future litigation. Fifteen more United States states reached an agreement with Purdue Pharma LP and members of its wealthy Sackler family owners that moved the OxyContin maker a step closer to resolving widespread opioid litigation and exiting bankruptcy …

Sackler Family Empire Poised To Win Immunity From Opioid Lawsuits
3 years, 6 months ago

Sackler Family Empire Poised To Win Immunity From Opioid Lawsuits

NPR  

Sackler Family Empire Poised To Win Immunity From Opioid Lawsuits Enlarge this image toggle caption Erik McGregor/LightRocket via Getty Images Erik McGregor/LightRocket via Getty Images After more than a year of high-stakes negotiations with billions of dollars on the line, a bankruptcy plan for Purdue Pharma, the maker of OxyContin, cleared a major hurdle late Wednesday. Sponsor Message This development …

24 States Mount Legal Fight To Block Sackler Bid For Opioid Immunity
3 years, 7 months ago

24 States Mount Legal Fight To Block Sackler Bid For Opioid Immunity

NPR  

24 States Mount Legal Fight To Block Sackler Bid For Opioid Immunity Enlarge this image toggle caption House Television via AP House Television via AP For months, members of the Sackler family that owns Purdue Pharma, the maker of Oxycontin, have portrayed their bid for immunity from future opioid lawsuits as a kind of fait accompli, a take-it-or-leave-it fix to …

Family responsible for opioid crisis tried to ERASE 1975 suicide of Purdue Pharma heir Bobby Sackler
3 years, 8 months ago

Family responsible for opioid crisis tried to ERASE 1975 suicide of Purdue Pharma heir Bobby Sackler

Daily Mail  

The family 'responsible for the opioid crisis' in the United States tried to erase the 1975 suicide of Purdue Pharma heir Bobby Sackler, 24, who was addicted to heroin, a new book has claimed. In the book, scheduled for release on Tuesday, Radden Keefe claims that Bobby's drug addictions were 'an inconvenient truth and a huge embarrassment' to the family, …

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