The odious Sackler family that heavily promoted the use of their opioid drugs that has resulted in widespread addiction that led to many deaths and much suffering, have been pushing to have the courts sign off on a deal with state governments where their company Purdue Pharma, which is in bankruptcy, will supposedly pay fines that will go towards drug treatment and rehabilitation. The most noxious part of the deal is that the Sacklers’ ill-gotten personal fortunes will be largely untouched, they will not have to admit guilt, and they will gain immunity from future lawsuits by individuals. In other words, they will escape largely unscathed.
At the end of this month, [a New York] court – the second circuit appeals court in New York – will hear arguments over individual liability releases approved by a bankruptcy court charged with distributing Purdue Pharma’s assets. Those releases, another court found in December, weren’t authorized under the law and the plan was reversed.
But under the terms of the now-vacated deal, the Sacker family would contribute $6bn over 18 years to an opioid settlement trust. It’s a situation that angers Isaacs, and thousands of others, who feel that a measure of corporate responsibility may have been assigned, but Purdue’s decision-maker will never be held to account.