Summary
Purdue Pharma and the Sackler family have agreed to a $7.4 billion settlement over their role in the opioid crisis.
The deal, $1 billion larger than a previous 2024 proposal rejected by the Supreme Court, includes $6.5 billion from the Sacklers and $900 million from Purdue.
Funds will support opioid addiction treatment and prevention efforts.
The settlement, among the largest in U.S. history, still requires court approval.
Critics note the Sacklers’ $11 billion withdrawals before Purdue’s bankruptcy, and victims emphasize the ongoing human cost of the crisis.
So they still made 3.5 billion at the end.
Fines for this stuff should start at gross profit over the entire period and build up from there.
Otherwise it’s just a cost of business. Shit like this should bankrupt corporations and the board members controlling it. Make every stock worthless and then corporations would stop
Not a fan of incarceration but that family should be in prison for life.
At the very least they should lose every penny they have, and every penny they earn henceforth should go directly to the fund. Or am I just describing incarceration?
