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Sacklers withdrew over $10 bnl from Purdue

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Sacklers withdrew over $10 bnl from Purdue

Sacklers withdrew over $10 bnl from Purdue

The Sackler family, owners of Purdue Pharma, transferred more than $10 billion in a decade from the OxyContin maker, according to the New York Times.

Fred Katayama reports.

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Sacklers withdrew over $10 bnl from Purdue

The owners of Purdue Pharma withdrew more than $10 billion over a decade from the embattled company - which makes OxyContin.

The New York Times reports that's more than eight times what the Sackler family withdrew in the 13-year period preceding that.

The Times found these numbers in a new audit commissioned by the drugmaker.

Lawsuits filed by state and local governments allege Purdue and the Sacklers contributed to the opioid crisis by aggressively marketing the drug while downplaying their addiction and overdose risks.

Known also for their philanthropy, the Sacklers are big backers of the arts.

The Times says the audit will likely renew questions about just how much the Sackler family should pay to resolve lawsuits their company faces over the opioid epidemic.

The Sacklers have offered $3 billion as part of a proposed settlement but states want them to pay a lot more.

Succumbing to pressure from more than 2600 lawsuits, Purdue filed for bankruptcy protection in September.

----------- The owners of Purdue Pharma pulled out more than $10 billion over a decade from the maker of OxyContin.

The New York Times reports that's more than eight times what the Sackler family withdrew in the 13-year period preceding that.

The Times found these numbers in a new audit commissioned by the drugmaker.

Lawsuits filed by state and local governments allege Purdue and the Sacklers contributed to the opioid crisis by aggressively marketing the drug while downplaying their addiction and overdose risks.

Known also for their philanthropy, the Sacklers are big backers of the arts.

The Times says the audit will likely renew questions about just how much the Sackler family should pay to resolve lawsuits their company faces over the opioid epidemic.

The Sacklers have offered at least $3 billion as part of a proposed settlement but states want them to pay a lot more.

The auditors reported they don't know how much of the cash distributed to the Sacklers was actually used to pay taxes.

Succumbing to pressure from more than 2600 lawsuits, Purdue filed for bankruptcy protection in September.




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