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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.
Purdue Pharma L.P., the U.S. Supreme Court overturned the settlement in a 5–4 decision. [76] On January 23, 2025, the Sackler family and Purdue settled the lawsuit they faced, in a $7.4bn deal with states and individuals. The Family agreed to pay $6.5bn over 15 years, while Purdue agreed on $900mn in settlements. [77]
Here's where the founders of Purdue Pharma are now. Arthur, Mortimer, Raymond, and Richard Sackler are all portrayed in the Netflix drama 'Painkiller.' Here's where the founders of Purdue Pharma ...
The deal, agreed to by Purdue Pharma, the Sackler family members who own the company and lawyers representing state and local governments and thousands of victims of the opioid crisis, represents an increase of more than $1 billion over a previous settlement deal that was rejected last year by the U.S. Supreme Court.
Madeleine Sackler is an American filmmaker and Sackler family heiress. She received an Emmy Award in 2015 [1] and was nominated for a second in 2020. [2] Her grandfather, Raymond, was one of the three Sackler brothers who created and owned Purdue Pharma, infamous for its role in the Opioid epidemic. [3]
Raymond Sackler, along with his brothers Arthur and Mortimer Sackler, acquired what became Purdue Pharma in 1952. Richard Sackler graduated from Columbia before getting his M.D. from the New York ...
If approved, Purdue Pharma will contribute $900 million upfront while the Sackler family pays $6.5 billion over the next 15 years – a $500 million increase from the previous settlement.
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 ...