Purdue Pharma, drugmaker accused of fueling the opioid epidemic, files for bankruptcy


There’s more, though:

«As sales continued into the billions of dollars, the family board members who controlled the company began transferring big chunks of money out of the firm beginning in 2008, according to multiple state lawsuits.

“Between 2008 and 2018, they directed Purdue to make nearly $11 billion in total distributions (including tax distributions) to partnered companies, foreign entities, and ultimately to trusts established for the benefit of the Sackler families,’’ said recently unsealed portions of a lawsuit filed this year by Oregon’s attorney general.

Such transfers were cited last week by some of the 26 states that rejected the tentative settlement agreement. Those states also said the $10 billion to $12 billion price tag put on the settlement appears inflated.»

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