OxyContin maker Purdue to use trusts and Sackler cash to settle opioid lawsuits

The billionaire Sackler family, who own OxyContin maker Purdue Pharma, has agreed to pay nearly $4.3 billion to resolve thousands of lawsuits accusing them of fueling the opioid crisis in the United States.  The huge payment from the Sacklers is part of a larger restructuring plan filed by Purdue on Monday night that intends to get the Connecticut-based … Read more

Oxycontin maker Purdue Pharma will plead guilty to three criminal charges

Purdue Pharma, the company that makes OxyContin, will plead guilty to three federal criminal charges as part of a settlement of more than $8 billion for its alleged role in fueling America’s opioid epidemic, Justice Department officials confirmed Wednesday. United States Deputy Attorney General. Jeffrey A. Rosen announced the deal in a press conference Wednesday … Read more

Jonathan Sackler, co-owner of Purdue Pharma, dies of cancer aged 65

Jonathan Sackler, co-owner of Purdue Pharma, dead of cancer at 65 Jonathan Sackler, one of the owners of Purdue Pharma, has died aged 65  His death was revealed in a court filing which lists the cause as cancer  Purdue, which makes painkiller OxyContin, is at the center of US opioid crisis Company is facing thousands … Read more