Sacklers Pressed At House Hearing To Return Billions Withdrawn From Purdue

 
• By Brenda Sandburg

Sackler family members were excoriated for taking $10.4 bn from Purdue after 2007 settlement with the DOJ but it seems unlikely the hearing will have an impact on bankruptcy proceedings. Asked to forego $3m bonus, Purdue CEO says he has already made "significant monetary concessions.”

David Sackler and Kathe Sackler from the family that owns Purdue were called to testify before House Committee on Oversight and Reform committee to explain their role in the opioid crisis. (Illustration from screenshots and shutterstock))
David Sackler and Kathe Sackler from the family that owns Purdue were called to testify before House Committee on Oversight and Reform to explain their role in the opioid crisis. • Source: photo illustration from screenshots and shutterstock

More from Legal & IP

More from Pink Sheet