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Sacklers Withdrew $10 Billion Out of Purdue, Report Finds (1)

Dec. 17, 2019, 2:57 PM

Opponents of the Sackler family’s offer to settle opioid lawsuits against Purdue Pharma LP for about $10 billion say a new report showing the clan withdrew more than that out of the drugmaker over the last decade confirms their reasons for rejecting it.

An audit -- commissioned as part of Purdue’s bankruptcy -- found family members transferred $10.4 billion out of the maker of the once-ubiquitous opioid painkiller OxyContin since 2008, sometimes directing it into offshore trusts and holding companies.

The report revives calls for the billionaire Sackler family to open its books about profits from sales of OxyContin after ...