A court filing made by the company Monday evening shows Purdue made payments for the benefit of members of the Sackler family who own the company totalling US$10.7 billion from 2008 through 2017. That includes taxes and other payments. Family members received $4.1 billion in cash over that period. By contrast, distributions for the benefit of family members from 1995 through 2007 totalled $1.3 billion.
The Sacklers' wealth has received intense scrutiny from Healey and 23 other states attorneys general who are objecting to a plan to settle some 2,700 lawsuits against Purdue over the toll of opioids, including those filed by nearly every state. In a statement Monday, Daniel Connolly, a lawyer for one branch of the Sackler family, said it's not helpful to argue over how much family members received. "The Sackler family hopes to reach a productive resolution where they contribute Purdue for the public benefit and provide at least $3 billion of additional money to help communities and people who need help now," he said, "which makes more sense for everyone than continuing litigation that only squander resources.
The report shows the Sackler payments jumped beginning in 2008 -- the year after Purdue agreed to pay a federal fine of $635 million for misleading the public about OxyContin's addiction risks.
Kickbacks are a wonderful thing
Companies pass the buck, what did you think would happen?
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