Dollar Bombshell News Today

Tentative stage now but terms laid out. highlight a few. purdue pharma would declare bankruptcy. the family would eventually give up control of the company and then turn it into a for-profit trust. then future profits would eventually go to the plaintiffs. i think what really stands out is that the settlement allows no admission of wrongdoing. so in addition to all of that, kendis, yesterday the new york attorney general essentially dropped this billion dollar bombshell. they subpoenaed several ...

Now to a billion dollar accusation in americas opioid crisis. the new york attorney generals office says it uncovered huge wire transfers by the sackler family, the owners of purdue pharma and makers of oxycontin. officials allege its all an attempt to hide their wealth and essentially lowball the opioid victims they already agreed to pay out a settlement. nbcs kathy park joins us now with the latest. kathy, whats happening? >> morgan, good afternoon. the sacklers are among the richest families ...

Kathy park, good morning. >> reporter: good morning. the sacklers among the richest families in the country and the family tried to protect their money using secret accounts. this latest development happened days after the drugmaker signed off on bankruptcy protection. this morning, a billion dollar bombshell for the family behind purdue pharma, maker of oxycontin. in a court filing late friday the new york attorney generals office tracked a previously undisclosed $1 billion in wire transfers by...