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.