Reuters
The Sackler’s worth an estimated $13 Billion or more if including the billions they accused of hiding offshore. Purdue is accused of fuelling the US opioid crisis through nefarious means of promoting and selling drugs like OxyContin.
“Purdue is currently facing legal action brought by more than 2,000 plaintiffs, including almost two dozen US states.”
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“According to the draft settlement agreement, the Sacklers are expected to give up control of Purdue Pharma and personally contribute $3bn to the settlement.
The company would then file for bankruptcy, dissolve and reform, and would be removed from next month’s legal proceedings.”
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“It would allow the Sackler family to walk away billionaires and admit no wrongdoing,”
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The Sacklers have argued they were passive board members of Purdue Pharma, who approved routine management requests and were not involved with the marketing of OxyContin.
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I think the corporation and those who lead it should face criminal charges but with the best and most trusted Crown prosecutors, adequate funding and most trusted and unbiased Judges if they even exist. Then if convicticted go after the Billions in proceeds of crimes including seeking cooperation from the international community and courts for offshore funds.
The US, Canadian and authorities in other countries involved should also investigate the failures or corruption in regulation and enforcement that allowed this crisis to develop and continue for so long.
Is that utopian thinking? It may not be if enough of the public took meaningful actions even if they not from the tens of millions directly affected.
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Sackler family ‘funnelled $1bn into different bank accounts’ – BBC News
14 September 2019 US & Canada
