The family that owns OxyContin maker Purdue Pharma concealed the transfer of millions of dollars into Swiss bank accounts, New York state's attorney general contends in court papers.
Cars pass Purdue Pharma headquarters Thursday, Sept. 12, 2019, in Stamford, Conn. For months, the judge overseeing national litigation over the opioids crisis urged all sides to reach a settlement that could end thousands of lawsuits filed by state and local governments. But the chaotic developments this week in the case against OxyContin maker Purdue Pharma underscore how difficult that goal is.
New York — asking a judge to enforce subpoenas of companies, banks and advisers to Purdue and its owners, the Sackler family — said it has already documented $1 billion in transfers between those parties. Representatives for the branch of the family that includes Mortimer D.A. Sackler did not immediately respond to requests for comment.tentative settlement
As part of the settlement, Purdue is likely to soon file for bankruptcy protection. But New York and other states have promised they will continue to pursue the Sacklers, alleging that family members drained more than $4 billion from the company over the past dozen years to avoid future legal claims.
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Some states say tentative settlement in Purdue Pharma opioid case is not good enoughOxyContin maker Purdue Pharma reached a tentative deal Wednesday with about half the states and thousands of local governments over its role in the nation’s deadly opioid epidemic, but criticism by several state attorneys general clouded prospects for an end to litigation against the company and the family that owns it.
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Purdue Pharma reaches tentative opioid settlement with some: sourcesOxyContin maker Purdue Pharma LP reached a tentative agreement with some plainti...
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Purdue Pharma and attorneys for thousands of opioids cases have a preliminary proposed settlementPurdue Pharma has reached a preliminary proposed settlement with multiple state, local and tribal governments that accuse the company of helping to drive the opioid crisis, officials said. But many attorney generals are opposing it and say the fight is not over.
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At least 16 states reject deal with OxyContin maker Purdue PharmaPurdue has reached a tentative multi-billion-dollar settlement with at least 27 states and territories. But 16 states told NBC News they said no.
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State attorneys general call Purdue Pharma settlement a 'slap in the face''This apparent settlement is a slap in the face to everyone who has had to bury a loved one due to this family’s destruction and greed.'
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