Tag: Sackler Family

Oligarch of the Month: The Sacklers

Not so long ago, the Sackler name was stamped across the most rarified perches in Manhattan—in the psychobiology department at Columbia University, at the Metropolitan Museum of Art, and at the Museum of Natural History. Lately, though, we’ve been seeing the Sackler moniker in far less esteemed venues, as a cluster of lawsuits have uncovered […]

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Attorneys General Really, Really, Really Want to Keep Suing Purdue Pharma and the Sacklers

Want the best of VICE News straight to your inbox? Sign up here. State attorneys general would very much like to keep slinging lawsuits at the Sackler family, the billionaire clan that built Purdue Pharma and its OxyContin empire. The problem is that Purdue Pharma filed for Chapter 11 bankruptcy in New York State last […]

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Painting Over the Dirty Truth

In four minutes on Season 3, The Sopranos nails the ethical dilemma that has long mired the art world. Carmela Soprano’s consultation with the Jewish shrink is priceless: Facing the truth about Tony, her mob-boss spouse, the upscale Mafia housewife tries to compartmentalize her marriage from its funding sources. She is loath to divorce. “Us Catholics, we […]

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Purdue Says Sacklers May Walk From Opioid Deal if Judge Does Not Block Cases

Members of the Sackler family could withdraw their pledge to pay $3 billion as part of a nationwide deal to address the opioid crisis if a bankruptcy judge does not block outstanding state lawsuits against them and their company, Purdue Pharma, Purdue lawyers said in a legal complaint. Whether the threat is posturing or real, […]

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We Didn’t Stand a Chance Against Opioids

My ancestors had no written language, so they told their stories to the trees. Ten thousand years after the Tlingit people settled Alaska’s southeastern archipelago, these islands remain stippled with monuments to their myths: totem poles, carved from massive logs of cedar and adorned with images of animals and spirits, rise up from the damp […]

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Would a Purdue Bankruptcy Protect the Sacklers? Good Question.

After months of negotiations and threats, Purdue Pharma has finally filed for bankruptcy. But it’s hardly a done deal. The bankruptcy filing is part of a settlement agreement that the company and its owners negotiated with lawyers for states and thousands of local governments that have struggled for years with the opioid crisis. They support […]

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Purdue Pharma Files for Chapter 11 Bankruptcy

Purdue Pharma, maker of OxyContin, the drug widely seen as igniting the opioid crisis, filed for Chapter 11 bankruptcy on Sunday night, a move at the center of the company’s efforts to shield itself and its owners from more than 2,600 federal and state lawsuits. The terms of the filing, which include a proposed resolution […]

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New York Uncovers $1 Billion in Sackler Family Wire Transfers

The New York attorney general’s office said Friday that it had tracked about $1 billion in wire transfers by the Sackler family, including through Swiss bank accounts, suggesting that the family tried to shield wealth as it faced a raft of litigation over its role in the opioid crisis. Earlier this week, thousands of municipal […]

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Purdue Pharma Settles Thousands of Opioids Cases

Purdue Pharma and its owners, members of the Sackler family, have tentatively reached the first comprehensive settlement with lawyers representing thousands of municipal governments, tribes and states nationwide that are suing the pharmaceutical industry for the devastation resulting from the opioid epidemic. The company is expected to file for Chapter 11 bankruptcy imminently. The settlement, […]

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Sacklers vs. States: Settlement Talks Stumble Over Foreign Business

Purdue Pharma’s negotiations to settle thousands of lawsuits over the company’s role in the opioids crisis have turned into a standoff between members of the Sackler family, who own the company, and a group of state attorneys general over how much the family should pay and whether it can continue selling drugs abroad. The Sacklers […]

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Big Pharma Is Starting to Pay for the Opioid Crisis. Make Those Payments Count.

In 1998 tobacco manufacturers reached an unprecedented agreement with 46 states, which had sued the companies for engaging in decades of deceptive marketing practices that contributed to an epidemic of tobacco-related illness and death. Over the next 20 years, the industry paid some $125 billion to the states. But two decades later, only a fraction […]

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Sacklers Would Give Up Ownership of Purdue Pharma Under Settlement Proposal

The Sackler family would give up ownership of Purdue Pharma, the company blamed for much of the opioid epidemic, and pay $3 billion of their own money under terms of a settlement proposal to resolve thousands of federal and state lawsuits, according to a person familiar with the negotiations. The discussions have been going on […]

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A Secret Opioid Memo That Could Have Slowed an Epidemic

Episode 10: ‘The Memo’ Producer/Director John Pappas A confidential government document containing evidence so critical it had the potential to change the course of an American tragedy was kept in the dark for more than a decade. The document, known as a “prosecution memo,” details how government lawyers believed that Purdue Pharma, the maker of […]

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New York Subpoenas Banks, Financial Advisers for Sackler Records

The New York state attorney general has begun issuing subpoenas to 33 financial institutions and investment advisers with ties to the Sackler family, part of an aggressive effort to track billions of dollars that prosecutors claim the family siphoned out of Purdue Pharma to hide profits gained from the company’s opioid painkillers. The recipients of […]

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Arizona Files Novel Lawsuit in Supreme Court Over Opioid Crisis

WASHINGTON — Saying the opioid crisis requires bold measures, the state of Arizona filed an audacious lawsuit in the Supreme Court on Wednesday asking the justices to order members of the Sackler family, which owns Purdue Pharma, to return what the state said were billions of dollars looted from the company. “We want the Supreme […]

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The Four Ordinary People Who Took on Big Pharma

ROANOKE, Va. — In the beginning, there were just four: the Godfather from Philly, the Army sergeant from Georgia, the professor from California and the feisty mom from Florida. It was the early 2000s, and they usually talked over old-school computer message boards. Occasionally they gathered in person, carrying posters of their children and middle-aged […]

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Louvre Removes Sackler Family Name From Its Walls

The Louvre in Paris has removed the name of the Sackler family from its walls, becoming the first major museum to erase its public association with the philanthropist family linked with the opioid crisis in the United States. The Louvre’s collection of Persian and Levantine artifacts is housed in a wing which has been known […]

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