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fait accompli, a take-it-or-leave it fix to a legal morass. In exchange for what amounts to a legal firewall for the Sacklers and their remaining empire, members of the family have offered to forfeit control of their bankrupt drug company and pay $4.2 billion from their private fortunes. Judge Robert Drain who is presiding over the case in White Plains, N.Y., has suggested such a deal may be desirable and achievable along these broad lines. A negotiated settlement could pre-empt years of costly litigation - the Sacklers deny any wrongdoing - and might accelerate financial aid to communiti...

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 ...

Members of the family who own OxyContin maker Purdue Pharma are scheduled to make a rare appearance Thursday in a public forum, answering questions from a congressional panel about their role in the nation's long-running opioid addiction crisis. Kathe Sackler and David Sackler, descendants of two of the three brothers who bought Purdue nearly 70 years ago, have agreed to appear before the U.S. House Oversight Committee in a video hearing held amid coronavirus restrictions. They took the step after the committee's chairwoman, Democratic Rep. Carolyn Maloney of New York, threatened to issue sub...

Members of the family who own OxyContin maker Purdue Pharma made a rare appearance on Thursday in a public forum, answering questions from a congressional panel about their role in the nation’s long-running opioid addiction crisis. Kathe Sackler and David Sackler, descendants of two of the three brothers who bought Purdue nearly 70 years ago, had agreed to appear before the US House Oversight Committee in a video hearing held amid coronavirus restrictions. They took the step after the committee’s chairwoman, Democratic Representative Carolyn Maloney of New York, threatened to issue subpoe...

Two of the owners of the company that makes OxyContin acknowledged to a congressional committee on Thursday that the powerful prescription painkiller has played a role in the national opioid crisis but stopped short of apologizing or admitting wrongdoing as they made a rare appearance in a public forum. “I want to express my family’s deep sadness about the opioid crisis,” David Sackler, a member of the family that owns Purdue Pharma, said at a congressional hearing. “OxyContin is a medicine that Purdue intended to help people, and it has helped, and continues to help, millions of Amer...