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Richard Stephen Sackler (born March 10, 1945) [1] is an American businessman and physician who was the chairman and president of Purdue Pharma, a former company best known as the developer of OxyContin, whose role in the opioid epidemic in the United States became the subject of many lawsuits and fines, filing for bankruptcy in 2019.
In its proposed plan of reorganisation, Purdue Pharma would pay $1.2bn for administrative expenses and distribution to opioid victims. About 138,000 plaintiffs could receive anywhere between ...
In 2022, Sackler and his son David attended a virtual hearing as part of Purdue's ongoing bankruptcy proceedings, and were required to listen to a series of two dozen statements given by people ...
Purdue flourished under brothers Mortimer and Raymond Sackler, who died in 2010 and 2017, respectively. The family reaped billions and spent lavishly, including on splashy charitable projects .
The Supreme Court on Thursday rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have shielded members of the Sackler family who own the company from civil lawsuits ...
Appearing only via audio was Richard Sackler, the former Purdue president and board chair who has said the company and family bear no responsibility for the opioid crisis, and also a son of ...
Purdue Pharma. It's a rare bankruptcy case for the court. At issue is whether the Sacklers should be given what is known as "third-party release" in exchange for giving $6 billion to help victims ...
Richard Sackler was born in 1945 in Roslyn, New York, to Beverly and Raymond Sackler. Raymond Sackler, along with his brothers Arthur and Mortimer Sackler, acquired what became Purdue Pharma in 1952.