Sickening: Billionaire Sackler opioid dynasty granted immunity from lawsuits
09/06/2021 // News Editors // Views

Members of the Sackler family, an opioid dynasty that profited to the tunes of billions of dollars through aggressive marketing of drugs such as Oxycotin that caused the modern-day opioid epidemic, were shielded from legal liability through a bankruptcy settlement on Wednesday that guarantees the family will keep billions of dollars obtained through the promotion of lethal painkillers that have killed hundreds of thousands of Americans.

(Article by Richard Moorhead republished from BigLeaguePolitics.com)

Federal Judge Robert Drain signed off on a settlement agreement that adjudicates a series of civil and criminal proceedings involving the Sackler family and opioids.

"This is a bitter result," Drain said of the ruling, raising questions as to why he even accepted the settlement proposal. "I believe that at least some of the Sackler parties have liability for those [opioid OxyContin] claims. … I would have expected a higher settlement." The Sacklers are agreeing to pay $4.3 billion in the settlement and are forfeiting any ownership stake of Purdue Pharma. The forfeited funds will be spent on drug treatment and health care programs, and the deal will allow Purdue Pharma a path to emerge from bankruptcy proceedings as a public trust corporation.

Mortimer Sackler, the son of immigrants who fled pogroms in Ukraine, purchased Purdue Pharmaceuticals in the 1950’s and aggressively promoted the use of novel painkillers such as Oxycotin and fentanyl to doctors during the second half of the 20th century. Purdue Pharma has plead guilty to criminal wrongdoing twice in relation to its promotion of Oxycotin, although Sackler’s descendants somehow claim themselves or the dynasty’s founder have done nothing wrong. The Sackler family name has been stripped from a series of university campuses and museums the oligarchs have donated to, becoming persona non grata in polite society as the public increasingly points to the family’s billions as blood money of the opioid epidemic.

The Sacklers are admitting no wrongdoing through the bankruptcy settlement. Even as they forfeit $4.3 billion through the settlement, they’ll remain one of the wealthiest families in the world. The Department of Justice has potential means to appeal to bankruptcy ruling, with bipartisan support for holding the Sacklers accountable in Congress.

Read more at: BigLeaguePolitics.com and Opioids.news.



Take Action:
Support Natural News by linking to this article from your website.
Permalink to this article:
Copy
Embed article link:
Copy
Reprinting this article:
Non-commercial use is permitted with credit to NaturalNews.com (including a clickable link).
Please contact us for more information.
Free Email Alerts
Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.
App Store
Android App
eTrust Pro Certified

This site is part of the Natural News Network © 2022 All Rights Reserved. Privacy | Terms All content posted on this site is commentary or opinion and is protected under Free Speech. Truth Publishing International, LTD. is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. Truth Publishing assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms and those published here. All trademarks, registered trademarks and servicemarks mentioned on this site are the property of their respective owners.

This site uses cookies
Natural News uses cookies to improve your experience on our site. By using this site, you agree to our privacy policy.
Learn More
Close
Get 100% real, uncensored news delivered straight to your inbox
You can unsubscribe at any time. Your email privacy is completely protected.