In emails, Sacklers fret over wealth, opioid business

  • 📰 Reuters
  • ⏱ Reading Time:
  • 70 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Soon after a Purdue Pharma LP affiliate pleaded guilty to misbranding its addictive opioid painkiller OxyContin in 2007, the company's Sackler family owners fretted about possible threats to their wealth.

- Soon after a Purdue Pharma LP affiliate pleaded guilty to misbranding its addictive opioid painkiller OxyContin in 2007, the company’s Sackler family owners fretted about possible threats to their wealth.

He told them an investment banker had once told him that his family “is already rich, the one thing you don’t want to do is to become poor.” David Sackler responded the same day: “[W]hat do you think is going on in all of these courtrooms right now? We’re rich? For how long? Until which suits get through to the family?”

Purdue agreed to, certain documents produced to the Justice Department and related to criminal and civil settlements unveiled Wednesday will become publicly available through an online repository.On Wednesday, Sackler family members associated with Purdue agreed to pay a $225 million penalty to resolve a Justice Department civil probe alleging they caused false claims for OxyContin to be submitted to federal healthcare programs. They were not criminally charged.

The Sacklers associated with Purdue are longtime philanthropists worth billions of dollars whose name has adorned museum wings. But museums began shunning donations and distancing themselves from the family after they surfaced in opioid lawsuits. “My thought is to lever up where we can, and try to generate some additional income,” he wrote, roughly five years before he joined Purdue’s board. “We may well need it ... Even if we have to keep it in cash, it’s better to have the leverage now while we can get it than thinking it will be there for us when we get sued.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

No private weather offshoring

Sacklers must be held accountable.

“The family members said they were not involved in conduct described in Purdue's agreement, disclosed Wednesday, to plead guilty to criminal charges.” Bro...just like you can’t have stolen merch, you can’t keep dirty money no matter where it came from

RT : In emails, Sacklers fret over wealth, opioid business

He should lose all his wealth after all the suffering he’s caused

Despicable

Cowboy up. You see other kingpin drug dealers whining? Can you imagine Pablo Escobar 'fretting over his wealth?'

Do they REALLY Worry About ALL THE DEATH they Profited From? Their Past & Present Actions Don't Illustrate ANY Empathy?!

You mean they plot and plan to keep the wealth and skirt responsibility for mass murder...

Bastards. Dow Corning did the same about taking Breast Implants off the market but they still sell them and they still harm women

Sur I Oxy isn’t addictive we swear 🙄 fucking parasites of a family!!

put them in the gas chamber.

Put them in the poor house.

Gwent were on top of the oxcodone issue

Opioid peddlers the Sacklers should be fretting more about time spent behind bars. But we know they won’t.

Legalized death peddlers.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Jeff Bezos' wealth compares to average US worker - Business InsiderJeff Bezos is the first person ever to be worth $200 billion. This is how the Amazon CEO's immense wealth stacks up to the average US worker, the British monarchy, and entire countries' GDP. This is the sort of person who should pay their FairShare of taxes! Tired of MillionaireWelfare I have decided to buy only friend m local retailers now. Maybe be can now afford to pay and treat his workers better....
Source: BusinessInsider - 🏆 729. / 51 Read more »

US voters receiving foreign email threats telling them to vote Trump - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Politicsinsider dbongino: Biden Claims Boilermakers Union Endorsed Him - They Say He 'Blatantly Lied' 👇🏻👇🏻 Which is the very reason NOT to vote for Trump. Geesh. 🙄
Source: BusinessInsider - 🏆 729. / 51 Read more »