Saturday, June 03, 2023

((Sackler)) clan given immunity in $6 billion payout deal for central role in addicting and killing millions in US opioid epidemic

Sackler Family Given Immunity in $6 Billion Payout Deal for Role in US Opioid Epidemic

A ruling by a US federal appeals court on Tuesday established a framework by which Purdue Pharma will pay out some $6 billion in settlement money for its role in sparking the US opioid epidemic. However, the Sackler family that owns the company will also be protected from future lawsuits on the subject.

The company was responsible for developing and aggressively marketing the opium-based painkiller Oxycontin in the 1990s and 2000s, creating a massive addiction problem that caused tens of thousands of deaths each year in the United States. During that time, the Sacklers raked in some $10 billion in profits off the drug sales.

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