Mike Spector, Chad Terhune, Lisa Girion
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Sacklers cited fear of OxyContin lawsuits before transferring $10 billion from their company, documents show

Sacklers cited fear of OxyContin lawsuits before transferring $10 billion from their company, documents show

By , , NEW YORK (Reuters) - Members of the wealthy Sackler family, owners of OxyContin maker Purdue Pharma LP, have long denied that the $10 billion they transferred from their company over the course of a decade was an unlawful attempt to shield assets in anticipation of litigation over their role in the opioid crisis.But a review of emails, memos, depositions, legal motions and other documents unsealed late on Friday in Purdue’s bankruptcy proceedings show Sackler family members discussed potential litigation exposure at least as early as 2007, a full decade before they faced a new...

December 21, 2020
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