Filings: Purdue owners used Swiss banks to hide transfers

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The family that owns OxyContin maker Purdue Pharma concealed the transfer of millions of dollars into Swiss bank accounts, New York state's attorney general contends in court papers.

Cars pass Purdue Pharma headquarters Thursday, Sept. 12, 2019, in Stamford, Conn. For months, the judge overseeing national litigation over the opioids crisis urged all sides to reach a settlement that could end thousands of lawsuits filed by state and local governments. But the chaotic developments this week in the case against OxyContin maker Purdue Pharma underscore how difficult that goal is.

New York — asking a judge to enforce subpoenas of companies, banks and advisers to Purdue and its owners, the Sackler family — said it has already documented $1 billion in transfers between those parties. Representatives for the branch of the family that includes Mortimer D.A. Sackler did not immediately respond to requests for comment.tentative settlement

As part of the settlement, Purdue is likely to soon file for bankruptcy protection. But New York and other states have promised they will continue to pursue the Sacklers, alleging that family members drained more than $4 billion from the company over the past dozen years to avoid future legal claims.

 

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I just wonder if the Swiss bankers feel any shame for hiding money for criminals?

I thought trump was going to end the $$ corruption/avoidance of u.s. taxes ,of off shore accounts?. POTUS .

SIMPLE WAY TO DEAL WITH THIS. TAKE OVER the company- put the owners in prison before a trail and take control of their money.. totally illegal but they are criminals.. lock them up

Typical wealthy crooks.

AndrewCassNH Considering government is blaming them for health care providers actually legally transferring narcotics to patients through prescription. The police should really be freezing the judge's finances.

The Sackler family. Print their name cowards.

This is news, but it ain't new. This is what they do, man.

May they rot in hell.

Sounding pretty shady.

Who knew the Trump family was involved. I’m shocked.

TommyMofo19 You folks wanna know who the biggest army was on the front line against opium poppy farmers? Taliban....thats right. A muslim tribe across the world banning farmers from cultivating. Enjoy the legal smack your gov't provides you with now

In case you're a normie wondering who would do such a thing... This is a Jewish family.

Exposed!

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Some states say tentative settlement in Purdue Pharma opioid case is not good enoughOxyContin maker Purdue Pharma reached a tentative deal Wednesday with about half the states and thousands of local governments over its role in the nation’s deadly opioid epidemic, but criticism by several state attorneys general clouded prospects for an end to litigation against the company and the family that owns it. The bullshit lie that opiates was the cause of veterans suicides show's how fucked up this country is. Stats are out and opiates where not the the cause. They used veterans and lied saying those with chronic pain are suicidal drug addicts. The 'alternative' side effect suicidal. It's wrong to penalize drug manufacturers, if they're FDR approved & following prescriptions as labeled. It isn't their fault people overuse drugs.
Source: MarketWatch - 🏆 3. / 97 Read more »

Purdue Pharma reaches tentative opioid settlement with some: sourcesOxyContin maker Purdue Pharma LP reached a tentative agreement with some plainti... SacklerDrugCartel Have we forgotten that Big Pharma pushes “all” drugs? Try checking the increase in death rates... for “all” drugs. Over prescribed. Side effects downplayed or ignored. Off label uses. The list goes on. It’s all about profits. All across the board. VA Healthcare is letting veterans suffer, the only option for pain the drugs causing veterans suicides. Alternatives came with opiates more and more they replaced them. SuicidePrevention They blamed veterans suicides on opiates but it's the alternatives .
Source: Reuters - 🏆 2. / 97 Read more »

Purdue Pharma and attorneys for thousands of opioids cases have a preliminary proposed settlementPurdue Pharma has reached a preliminary proposed settlement with multiple state, local and tribal governments that accuse the company of helping to drive the opioid crisis, officials said. But many attorney generals are opposing it and say the fight is not over. If they are prepared to settle so soon maybe it’s because they think they’re getting off lightly?
Source: CNN - 🏆 4. / 95 Read more »

At least 16 states reject deal with OxyContin maker Purdue PharmaPurdue has reached a tentative multi-billion-dollar settlement with at least 27 states and territories. But 16 states told NBC News they said no. Why is it that the decision amongst Governors to accept or decline the offer from Purdue falls along party lines. I’ll give you one guess which party’s reps say take the $12 billion & then leave the poor sackler family alone. Everyone involved needs to go to jail for murder for the rest of their lives. Anything else is rich people 'justice.' purduepharma Take the money 💰.
Source: NBCNews - 🏆 10. / 86 Read more »

State attorneys general call Purdue Pharma settlement a 'slap in the face''This apparent settlement is a slap in the face to everyone who has had to bury a loved one due to this family’s destruction and greed.' SacklerDrugCartel Take them to court in each and every case. Drag them. No, no, no wait just let me put some perfume Hahahaha
Source: ABC - 🏆 471. / 51 Read more »