Sackler family withdrew more than $ 10 billion in ten years from Purdue Pharma

Members of the Sackler family who own the opioid maker Purdue Pharma LP, withdrew more than $10 billion from Purdue since 2008, according to court documents.

Purdue Pharma, known for its product OxyContin, presented a report from its audit in a bankruptcy court on 16 December.

The report showed that the withdrawals increased in the period when Purdue Pharma was accused of fueling America’s opioid epidemic, and concerns raised about the family keeping part of its wealth overseas.

The company said the accusations are “part of a continuing effort to single out Purdue, blame it for the entire opioid crisis, and try the case in the court of public opinion rather than the justice system”. It also stated that the report shows “extreme transparency”.

“The fact that the Sackler family removed more than $10 billion when Purdue’s OxyContin was directly causing countless addictions, hundreds of thousands of deaths, and tearing apart millions of families is further reason that we must see detailed financial records showing how much the Sacklers profited from the nation’s deadly opioid epidemic”, New York Attorney General Letitia James said, and added:

“We are committed to holding the Sacklers responsible for the role they played in fueling the opioid crisis and will not stop fighting until we have achieved justice for victims”.

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