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Purdue’s Sackler family got $11 billion payout amid bankruptcy

Posted on December 17, 2019 by The National Trial Lawyers

A Purdue Pharma commissioned audit introduced in Monday’s bankruptcy court proceedings outlined that the family has withdrawn $12.2 billion since 2008. Approximately $10.8 of these funds were withdrawn after several company executives pled guilty to promoting misleading marketing tactics to the public.

The Purdue bankruptcy proceeding has been underway since September with around two dozen state attorney generals on board with the company’s settlement proposal. 

The Sackler family has offered $3 billion from their personal fortune to be used in the settlement agreement. 

Read the source article at npr.org

Posted in Opioids

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