States: Sackler family members abusing bankruptcy process
By GEOFF MULVIHILL
Associated Press
NEW YORK (AP) — Lawyers for a handful of states say members of the Sackler family who own OxyContin maker Purdue Pharma are abusing the bankruptcy process. They asked a federal judge Tuesday in New York to throw out a settlement between the company and thousands of other government entities and people. They say it usurps state powers. Under the deal, Sackler family members are to contribute more than $4 billion, plus ownership of the company. In return, they’re to receive protection from lawsuits over their involvement in opioids. Lawyers for other governments say the legal protections are key to a settlement designed to fight the opioid epidemic.
