Richard Sackler

DOJ Purdue Settlement Allows Sacklers to Keep Billions in Extracted Wealth

2020-10-21 00:00:00 +0000 UTC | Importance: 9/10

On October 21, 2020, the Department of Justice announced a settlement totaling more than $8 billion with Purdue Pharma—touted as the largest penalties ever levied against a pharmaceutical manufacturer—yet the settlement allowed the Sackler family to keep the vast majority of billions extracted from …

U.S. Department of Justice Purdue Pharma Sackler Family Richard Sackler David Sackler +4 more opioid-crisis corporate-crime accountability-failure deferred-prosecution wealth-extraction

Purdue Pharma Files Bankruptcy to Shield Sackler Family from Civil Lawsuits

2019-09-15 00:00:00 +0000 UTC | Importance: 9/10

On September 15, 2019, Purdue Pharma filed for Chapter 11 bankruptcy protection after facing thousands of lawsuits from states, local governments, Native American tribes, and victims related to the opioid crisis. The bankruptcy filing was a strategic maneuver designed to shield the billionaire …

Purdue Pharma Sackler Family Richard Sackler David Sackler Mortimer D.A. Sackler +2 more opioid-crisis bankruptcy-abuse corporate-crime accountability-failure legal-manipulation

Purdue Pharma Launches Aggressive OxyContin Marketing Campaign Based on False Claims

1996-01-01 00:00:00 +0000 UTC | Importance: 9/10

Purdue Pharma launched the most aggressive marketing campaign ever undertaken for a narcotic drug, introducing OxyContin with false claims about addiction risk. At the 1996 launch party, Dr. Richard Sackler predicted the debut would “be followed by a blizzard of prescriptions that will bury …

Purdue Pharma Sackler Family Richard Sackler opioid-crisis pharmaceutical-industry corporate-crime regulatory-capture public-health