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As Part of a $4.5 Billion Oxycontin Settlement, the Sackler Family Has Promised Not to Lend Its Name to Museums for Nine Years

As Part of a $4.5 Billion Oxycontin Settlement, the Sackler Family Has Promised Not to Lend Its Name to Museums for Nine Years
Critics say the agreement between prosecutors and the Sackler family doesn t go far enough.
Sackler PAIN protesting the Louvre in Paris. Photo courtesy of Sackler PAIN.
The highly contested Purdue Pharma settlement over the prescription painkiller OxyContin is one step closer to being finalized, as 15 states have dropped their opposition to the company’s bankruptcy restructuring plan.
In return, the pharmaceuticals giant has agreed to release millions of documents, and the Sackler family, who own the company, will contribute an additional $50 million to a $4.5 billion settlement fund set to be paid out over the next nine years. ....

United States , New York , United Kingdom , France General , City Of , Tufts University , American Museum Of Natural History , Metropolitan Museum Of Art , Jewish Museum , Erik Mcgregor Lightrocket , N Megan Kapler , Michael Quinn , Luke Hayes , Arthur Sackler , Nan Goldin , Raymond Sackler , Letitia James , Patrick Radden Keefe , Smithsonian Arthurm Sackler , Purdue Pharma , York Dia Art Foundation , National Gallery , Elizabetha Sackler Center , National Opioid Abatement , National Portrait Gallery , Brooklyn Museum ,

Art Industry News: Interpol Has a New App That Will Let You Identify and Report Stolen Art From the Comfort of Your Home + Other Stories

Art Industry News: Interpol Has a New App That Will Let You Identify and Report Stolen Art From the Comfort of Your Home + Other Stories
Plus, the Wexner Center for the Arts nabs a top curator from Dia, and the Uffizi opens a blockbuster show about the life of Dante.
An empty frame remains where Rembrandt s
The Storm on the Sea of Galilee was once displayed. Picture provided by the FBI showing the empty frames for missing paintings after the theft at the Isabella Stewart Gardner Museum.
Art Industry News is a daily digest of the most consequential developments coming out of the art world and art market. Here’s what you need to know on this Friday, May 7. ....

City Of , United Kingdom , New York , United States , Jenna Wortham , Diane Arbus , Cao Fei , Kelly Kivland , Pablo Picasso , Daniel Palmer , Deana Lawson , Nan Goldin , Bondone Polittico , Looking Glass , Nazy Vassegh , Kate Fowle , Wexner Center Nabs , Parrish Art Museum , York Dia Art Foundation , Science Museum Trustee Quits Over Contested Heritage , Etna Montauk Foundation , Concentration Camp Heads To Imperial War Museum , Norton Museum Of Art , New York Times , Wexner Center , Science Museum ,