Member Directory

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

closeup of Ben Franklin on a $100 bill, but his eyes have been covered with white pills

A Purdue Pharma commissioned audit introduced in Monday's bankruptcy court proceedings outlined that the family has withdrawn $12.2 billion since 2008. Approximately $10.8 of these funds were withdrawn after several company executives pled guilty to promoting misleading marketing tactics to the public.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

Contact Us Today

Read More Legal News

The National Trial Lawyers White Logo for Footer
© Copyright 2022, All Rights Reserved | National Trial Lawyers
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram