John Oliver exposes the Sacklers-again

The Sackler family, the owners of the Purdue Pharma that aggressively marketed the painkiller Oxycontin resulting in an explosive growth in drug addiction, has been dragged into the spotlight and are now the target of multiple lawsuits by states. As a result these highly secretive people, who only allow their names to be public when they put it on buildings as part of their ‘philanthropy’, have been forced to give legal depositions. But their lawyers have aggressively worked to have their video depositions sealed
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Sacklers look likely to get the bankruptcy ruling they sought

Just as I feared, a bankruptcy judge has approved the deal that the odious Sackler family sought that would enable them to preserve and even increase the ill-gotten fortunes that they amassed from aggressively pushing their addictive pain-killers on the public, resulting in massive addiction levels and deaths from overdoses.

A US federal bankruptcy judge on Wednesday conditionally approved a sweeping, potentially $10bn plan submitted by the OxyContin maker Purdue Pharma to settle a mountain of lawsuits over its role in the opioid crisis that has killed a half-million Americans over the past two decades.

Under the settlement reached with creditors including individual victims and thousands of state and local governments, the Sackler family will give up ownership of the company and contribute $4.5bn but will be freed from any future lawsuits over opioids.
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Sackler exploitation of bankruptcy laws

In an earlier post, I linked to an episode of Last Week Tonight where John Oliver explained how the odious Sackler family are trying to use the bankruptcy laws so that, while they claim that they will be paying $4.5 billion, they will end up with total immunity frrom future lawsuits, will not have to admit guilt, and likely end up even more wealthy than they are now. This article explains why this is such a bad deal for the public and how it lets the Sacklers off the hook.
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Why the Sackler deal is so bad

The legal cases brought by so many state attorneys general and individuals against the odious Sackler family, whose company Purdue Pharma was responsible for so many opioid deaths, is going before a bankruptcy judge this week who will decide on a plea deal brought by some state attorneys general.

John Oliver gives a masterful expose of why the deal that has been proposed is such a bad one but will likely get approved. Basically the deal is such that the Sacklers, while pretending to pay billions, will actually get off very lightly by having their considerable personal assets mostly protected and will also be given sweeping blanket immunity from the lawsuits of those who did not agree to be part of this deal and even future lawsuits. They will not even have to plead guilty to any personal wrongdoing in the case, blaming it all on the company even though they were very hands-on in driving the practices that led to massive rates of addiction.

The bankruptcy judge hearing the case has a history of being sympathetic to these kinds of deals which is why the Sacklers shopped around so that they could appear before him in the small town of White Plains, NY. This case shows how the rich can manipulate the legal system to their benefit.

I hope that this show helps to create a big enough uproar that he has second thoughts about letting them get off so easy.