Sackler family in Podcasts
personAmerican family and owners of Purdue Pharma, involved in legal and financial settlements.
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As part of the bankruptcy settlement, the firm's longtime owners, members of the Sackler family, will now lose all ownership and control.
the company would dissolve and members of the Sackler family who own the company would have to pay up to $7 billion.
The company will pay up to $12 billion over time, with $3 billion coming from the Sackler family.
The OxyContin maker and the company owners, the Sackler family, have been at the center of the nation's opioid crisis.
Yesterday, a bankruptcy judge said he plans to approve the deal, which would require members of the Sackler family to pay up to $7 billion over time.
The Sackler family will pay up to $7 billion to Purdue's creditors as part of a restructuring plan a federal judge said he would approve in the coming days.
The Sackler family will pay up to $7 billion to produce creditors as part of the plan.
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