OxyContin maker Purdue Pharma and the Sackler family offer $ 10-12 billion to settle more than 2,000 lawsuits over claims that they are responsible for the opioid epidemic
- Representatives of Purdue Pharma and the Sackler family held confidential meetings in Cleveland, Ohio last week to discuss a possible settlement
- Purdue Pharma and its owners, the Sackler family, are the makers of OxyContin
- Sources claim they offer to settle more than 2,000 lawsuits against them for $ 10 to $ 12 billion
- Purdue Pharma is one of several drug manufacturers that distributes responsibility for the opioid epidemic crisis that has caused thousands of deaths
- Purdue Pharma reached a $ 270 million settlement in March to resolve an Oklahoma state lawsuit
- The Sackler family would give up ownership of the company and pay at least $ 3 billion
OxyContin maker Purdue Pharma and its owners, the Sackler family, offer to settle more than 2,000 lawsuits against them for $ 10 billion to $ 12 billion for their role in the opioid epidemic.
Two people who are familiar with the matter tell NBC News On Tuesday, representatives of Purdue Pharma and the Sackler family held confidential meetings last week in Cleveland, Ohio, with at least 10 public advocates-general to discuss a possible settlement.
Purdue Pharma is one of many drug producers and distributes that through 2,000 lawsuits initiated by local governments, held responsible for the opioid epidemic crisis that has killed thousands.
Purdue reached a $ 270 million settlement in March to resolve an Oklahoma state lawsuit.
And on Monday, Johnson & Johnson were ordered to pay $ 572 million in a milestone that ruled their share in the opioid crisis.
Although it was handed a large fine, the amount was considerably smaller than the $ 17 million requested by the state of Oklahoma.
Representatives from Purdue Pharma and the Sackler family held confidential meetings in Cleveland, Ohio last week to discuss a possible millions-dollar settlement
The Jonathan brothers on the left and Richard Sackler on the right. Richard led Purdue from 1999 to 2003 and oversaw many of the rising sales of OxyContin while it was being advertised. These are just a few of the Sacklers against whom the lawsuits have been filed
The Sackler family earned $ 4 billion in sales of prescription drugs between 2008 and 2016 through the Purdue Pharma family business, according to court records.
More specifically, the profit they made by selling opioids such as OxyContin, the small but powerful pill that is responsible for the never-ending windfall of the Sackler family and has contributed to an unprecedented epidemic.
It is an epidemic for which David Sackler refuses to accept any debt, and shouts: & # 39; The idea that the Sacklers were in charge of the operation. That's just not true. & # 39;
& # 39; The Sackler family built a multi-billion dollar drug empire based on addiction & # 39 ;, said Attorney General Gurbir Grewal of New Jersey in May, when his state joined others to join the Sackler family and their company. complain.
& # 39; Despite being aware of the damage, the Sacklers Purdue drove to continue fraudulent sales campaigns for OxyContin and other highly addictive opioid pain killers, & # 39; he added.
Family spokeswoman Nikki Ritchie said in May that the family denied the allegations and called the suit & # 39; unfounded & # 39 ;.
Purdue Pharma and its owners, the Sackler family, are the makers of OxyContin
Adapted deaths from drug overdose as described in one graph showing the magnitude of the opioid crisis in the US from 1999 to 2016
Suits appoints former Purdue CEO and President Richard Sackler, along with Jonathan D. Sackler; Dr. Kathe Sackler; Ilene Sackler Lefcourt; Mortimer D.A. Sackler; Beverly Sackler; Theresa Sackler; and David A. Sackler.
In a statement to NBC News, the company said: & although Purdue Pharma is prepared to defend itself vigorously in the opioid lawsuit, the company has made it clear that it sees little good coming from years of wasteful lawsuits and appeals. & # 39;
& # 39; The people and communities affected by the opioid crisis now need help. Purdue believes a constructive global resolution is the best way forward, and the company is actively working with attorneys general and other plaintiffs to achieve this result, & the company added.
NBC News also reports that the Sackler family would do that give up ownership of the company and play at least $ 3 billion.
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