Purdue Pharma Judge Says Sacklers Face 'Substantial Risk' of Liability
Voice of America
The judge overseeing Purdue Pharma's bankruptcy said Monday that some members of the Sackler family who own the OxyContin maker face a "substantial risk" of liability and could be on the hook for "huge amounts of money" over claims the company fueled the opioid epidemic.
U.S. Bankruptcy Judge Robert Drain in White Plains, New York, made the remark during closing arguments in a trial over Purdue's proposed reorganization plan. Drain said he believes some Sacklers face liability, but that "the question is where you draw the line." Under the deal, which Purdue said is worth more than $10 billion, the Sacklers would contribute approximately $4.5 billion and would receive legal protections against future opioid-related litigation.FILE - Part of the temples of Baalbek, a UNESCO world heritage site in Lebanon's eastern Bekaa Valley, illuminated in blue light, Oct. 24, 2015. FILE - This picture shows closed shops on an empty street in the eastern Lebanese city of Baalbek on Oct. 19, 2024. FILE - People walk near the Roman ruins of Baalbek, Lebanon, Jan. 5, 2024. FILE - A man sits amidst the rubble at a site damaged in the aftermath of an Israeli strike on the town of Al-Ain in the Baalbek region, amid the ongoing hostilities between Hezbollah and Israeli forces, in Lebanon, Nov. 6, 2024.
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