Opioid Crisis Update: Purdue Pharma Owners Shielded $1B From Lawsuits, NY AG Says

The family is worth $13 billion, Forbes has estimated, but many of the attorneys general involved in the case say they believe members are worth a lot more. Twenty-six states have filed suit against family members individually for their roles in the crisis.

Court documents filed Friday by James’ office represented findings from a single financial institution, the New York Times reported. A series of transfers highlighted in the documents named Mortimer D.A. Sackler, a Purdue board member who transferred $64 million in 2009 from a previously unidentified trust through a Swiss bank account.

Investigators say they believe much more money is involved.

“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 multimillion-dollar real estate investments back here in New York, sanitized [until now] of any readily detectable connections to the Sackler family,” David E. Nachman of the attorney general’s office wrote in the court filing.

The lawsuits accuse family members of aggressively marketing OxyContin as safe despite its addictive nature.

Opioid Crisis Update: Purdue Pharma Owners Shielded $1B From Lawsuits, NY AG Says

hmmmmm

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