Sackler Family Empire Poised To Win Immunity From Opioid Lawsuits
A federal bankruptcy judge cleared a plan for final vote by Purdue Pharma's creditors that would release members of the Sackler family and their financial empire from liability for the opioid crisis.
After more than a year of high stakes negotiations with billions of dollars on the line, a bankruptcy plan for Purdue Pharma, the maker of Oxycontin, cleared a major hurdle late Wednesday.
Federal Judge Robert Drain in White Plains, N.Y., moved the controversial deal forward despite objections from dozens of state attorneys general, setting the stage for a final vote by the company's creditors expected this summer.
The drug maker filed for Chapter 11 protection in 2019 facing an avalanche of lawsuits tied to its aggressive opioid sales practices.
Public health experts and many government officials say the introduction of Oxycontin fueled the nation's deadly opioid epidemic.
This development brings members of the Sackler family, some of
