NY AG says owners of Oxycontin-maker Purdue Pharma 'continue to lowball victims' in suits seeking billions over the opioid crisis.
, in part because they believe it will not yield as much as projected, and because some feel the Sackler family is not contributing enough of its personal wealth to the total.
The deal would require the Sackler family to kick in a guaranteed $3 billion with an additional $1.5 billion contingent on the sale of an international group of companies they own. The New York AG's office, which is among the plaintiffs opposing the deal, also alleged in the Friday filing that Mortimer Sackler hid his ownership of an Upper Eastside townhouse in Manhattan through a shell corporation and that he failed to disclose its existence in the litigation.
In its filing, the AG's office said, “Already these records have allowed the state to identify previously unknown shell companies that one of the Sackler defendants used to shift Purdue money through accounts around the world and then conceal it in at least two separate multi-million dollar real estate investments.
In a recent court filing, the Oregon attorney general’s office said the Sacklers took $11 billion from the company from 2008 through 2018. The Oregon AG alleges those transfers were made to protect the family from a growing number of lawsuits and “starved” the company, leaving it with no other option but to file for bankruptcy.NBC News appSupport for the lawsuit settlement on the table has largely fallen along party lines, with Republican AGs supporting it and Democratic AGs rejecting the deal.
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New York attorney general exposes $1 billion in wire transfers by Sackler familyAuthorities have identified about $1 billion in wire transfers between the Sackler family, who are the owners of pharmaceutical giant Purdue Pharma, the entities they control and different financial institutions, NY Attorney General Letitia James said
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The Sackler Family Reportedly Hid $1 Billion of OxyContin Money in Order to 'Lowball Victims'
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Sacklers transferred $1 billion as scrutiny from opioid crisis grew: New York AGThe Sackler family transferred $1 billion in wealth as the New York attorney general's office investigated their role in the opioid crisis.
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