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Sackler Family Debated Lawsuit Risk While Taking Billions from Purdue

Sackler Family Debated Lawsuit Risk While Taking Billions From Purdue Memo advised a co-owner to keep assets overseas to protect against litigation Purdue is trying to resolve lawsuits through bankruptcy. Photo: Mark Lennihan/Associated Press By Updated Dec. 22, 2020 8:58 pm ET In July 2007, a few months after Purdue Pharma pleaded guilty to federal charges of misleading the public about the addictive risks of OxyContin, a confidential memo warned one of the company’s owners that its assets are best protected overseas. The family-owned company faced “uncapped liabilities” and had to protect itself from the risk of a wave of lawsuits akin to the decadeslong asbestos litigation, said the memo, written by Peter Boer, then an adviser to Jonathan Sackler, the Purdue co-owner and a board member.

Peter boerJonathan sacklerReporters committee for freedom of thePurdue pharmaWall street journalReporters committeeபீட்டர் போயர்ஜொனாதன் ஸ்யாக்லர்நிருபர்கள் குழு க்கு சுதந்திரம் ஆஃப் திபர்‌ட்யூ பார்மாசுவர் தெரு இதழ்நிருபர்கள் குழு

Newly unsealed court documents reveal Sackler family s early concerns over lawsuits

Newly unsealed court documents reveal Sackler family’s early concerns over lawsuits Meryl Kornfield © Toby Talbot/AP Purdue Pharma, the maker of OxyContin, was named in hundreds of lawsuits by states and cities over the drug s role in the opioid crisis. In the summer of 2007, after Purdue Pharma agreed to pay $600 million to resolve a federal investigation of opioid-marketing misconduct, the Sackler family members at the helm of the drug giant deliberated whether it was time to leave the pharmaceutical business. “I think we need to discuss if fundamentally we want to be in the pharmaceutical business going forward. I would vote no,” wrote David Sackler, who was not in the company at the time of the June email to his father, Richard, and cousin Mortimer, both on the company’s board. The email chain was about the possible buyout of a smaller company. “I think we’ve all had enough of a rough ride over the past 10 years to make me wary of committ

New yorkUnited statesJonathan lipsonPeter boerPurdue pharmaDaniels connollyKathe sacklerLetitia jamesMortimer sacklerIlene sackler lefcourtDavid sacklerJonathan sacklerHouse oversight committeeReporters committee for freedom of theUs bankruptcy courtWashington post

Sackler family, which led opioid maker Purdue Pharma, was concerned about liability, emails show

Sackler family, which led opioid maker Purdue Pharma, was concerned about liability, emails show
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesJonathan lipsonPeter boerDaniels connollyKathe sacklerLetitia jamesMortimer sacklerIlene sackler lefcourtDavid sacklerJonathan sacklerHouse oversight committeeReporters committee for freedom of theUs bankruptcy courtWashington postJustice department

NC judges clarify that journalists won t be barred from court due to COVID-19

NC judges clarify that journalists won’t be barred from court due to COVID-19 Carli Brosseau, The News & Observer RALEIGH, N.C. A week after three news organizations asked the North Carolina Court of Appeals to force Alamance County courts to let in journalists, the top local judges announced a new media access policy. Reporters must request permission in advance to attend hearings, and up to five journalists will be allowed in, depending on the available space, D. Thomas Lambeth Jr., Judicial District 15A’s senior resident superior court judge, and Bradley Reid Allen Sr., the chief district court judge, said in an order dated Dec. 18.

Alamance countyNorth carolinaUnited statesD thomas lambeth jrCheryl caracuzzoFred wilkinsBradley reid allenReporters committee for freedom of theUs supreme courtCarolina open government coalitionCommittee to protect journalistsCarolina courtCircuit judge cheryl caracuzzoWest palmLannis watersPalm beach

Saturday News: Sexist to the core

Submitted by BlueNC on Sat, 12/19/2020 - 08:30 REPUBLICAN COA JUDGE CENSURED FOR ALLOWING SEXUAL HARASSMENT: Judge Hunter Murphy s conduct wasn t bad enough to warrant suspension or removal from the bench, the state Supreme Court said in an opinion posted Friday, but it did merit censure. Law clerks in Murphy s office told investigators that Tuite made comments of a sexual or inappropriate nature and that they told Murphy about it. In one incident, Tuite was talking about a female job applicant and called her breasts fun bags. The judge, the Judicial Standards Commission reported, was in the room at the time. The judge repeatedly condoned and enabled toxic behavior, the commission found. When some of the problems were reported to the Administrative Office of the Courts human resources department, the judge lacked candor and downplayed, minimized and mischaracterized Mr. Tuite’s actions, the commission found.

United statesChapel hillHunter murphyD thomas lambeth jrMatthewgt martinAnatolyi antonovFred wilkinsBradley reid allenReporters committee for freedom of theNational institute of allergyDrug administrationSupreme courtAppalachian state universityJudicial standards commissionInfrastructure security agencyCommittee to protect journalists