The Latest on court filings in the Purdue Pharma bankruptcy case (all times local):
A lawyer for members of the Sackler family says the amount the family received from OxyContin maker Purdue Pharma was not as big as it seems.
Court papers filed Friday by state and local governments cited a Purdue consultant who said that family members made $12 billion to $13 billion from the company they own.
But Daniel Connolly, a lawyer for one branch of the family, said that figure does not reflect taxes or the amount the family reinvested in businesses.
Purdue is asking a judge to halt all lawsuits against family members as part of a settlement of litigation across the country seeking to hold the company accountable for the opioid crisis. That’s made the wealthy family’s finances subject of legal filings.
Attorneys general representing nearly half the states and lawyers for more 500 local governments are blasting the terms of Purdue Pharma’s offer to settle thousands of lawsuits related to the toll of the nation’s opioid epidemic.
In a court filing Friday, the attorneys general said the proposed deal does not contain an admission of wrongdoing by the Sackler family, which owns Purdue, and doesn’t force them to repay money “they pocketed from their illegal conduct.”
The filings are objections to Purdue’s request to have a federal bankruptcy judge halt separate lawsuits filed in state court against Sackler family members.
A lawyer for the heirs of late Purdue co-owner Raymond Sackler says stopping that litigation would allow everyone to focus on fighting the opioid crisis rather than “waste resources” on lawsuits.
The Associated Press