Billionaire Sackler family members could face fresh lawsuits after Purdue Opioid settlement falls apart

Posted: Jul 09, 2024

- Supreme Court rejected Purdue Pharma's bankruptcy settlement, allowing Sackler family to pay $6 billion to avoid further civil lawsuits - Committee of creditors requested permission to sue Sackler family if settlement talks fail - Settlement talks could lead to fresh litigation if not reached - Forbes values Sackler family's net worth at $5.2 billion - Issues stem from Purdue Pharma's aggressive marketing of OxyContin during opioid crisis - Sackler family previously reached a settlement in 2022, but it was invalidated by the Supreme Court for shielding from liability - Court hearings and potential lawsuits against Sackler family to watch for - Damages in lawsuits against Sacklers estimated to exceed $1 trillion





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