Billionaire Sacklers Granted Lifetime Legal Immunity in Opioid Settlement
Source: Ars Technica
A federal bankruptcy judge on Wednesday approved a $4.5 billion opioid settlement that provides sweeping lifetime legal immunity for the billionaire Sackler family behind Purdue Pharma.
This is a bitter result, Federal Judge Robert Drain said Wednesday in a lengthy explanation of his approval of the settlement. "I believe that at least some of the Sackler parties also have liability for those [opioid] claims
I would have expected a higher settlement.
The Sacklers owned and were largely directing Purdue Pharma in the late 1990s when the company allegedly began aggressively and deceptively selling its highly addictive opioid painkiller, OxyContin. Purdue, which has twice pled guilty for wrongdoing in marketing OxyContin, is largely seen as sparking the nationwide epidemic of opioid addiction and overdoses. The opioid crisis has killed nearly 500,000 people in the US in the past two decades.
The Sacklers, who are currently worth about $11 billion, have estimated that they earned more than $10 billion from opioid sales, according to NPR. They will largely get to keep most of their billions in the settlement and shield it from future opioid-related legal challenges.
Read more: https://arstechnica.com/science/2021/09/billionaire-sacklers-granted-lifetime-legal-immunity-in-opioid-settlement/
ck4829
(35,045 posts)joetheman
(1,450 posts)dalton99a
(81,451 posts)DanieRains
(4,619 posts)Billionaires get to rape, pillage, and kill all they want.
Our "system" protects them.
Corporations are not people.
RockRaven
(14,958 posts)In case anyone ever wants to describe how psychopathic the ultra-rich are, that might be a good number to remember.
They'll kill you and destroy your family for $20,000 a pop.
Lonestarblue
(9,971 posts)Kill thousands of people by developing and selling a drug that you know to be highly addictive and deadly, and you walk away with a fine if youre a billionaire. Get caught be the police with a bit of marijuana in some states, and you go to jail for 2-3 years, especially if youre black. The Sacklers should have faced criminal penalties.
Corgigal
(9,291 posts)I read awhile back, that the magma Carta was written in England to stop violent crime.
Rulings like this make me remember that. If they keep failing, and justice isnt served. Well..
Faux pas
(14,667 posts)ancianita
(36,023 posts)What the nation looks like to me is a corporate campus with the sham veneer of democratic republic governance.
Statutory accountability for the humans, constitutional protections under the commerce clause for the fictional personhoods.
Sorry, can't help the ugly irony of it all ...
cstanleytech
(26,281 posts)ancianita
(36,023 posts)appalachiablue
(41,127 posts)cstanleytech
(26,281 posts)punishes us harshly most of the time for our actions and the one for the wealthy and or well connected and unless we put our foot down and stop it then it will continue.
Carlitos Brigante
(26,500 posts)Nay
(12,051 posts)spend even one day in prison.
LittleGirl
(8,282 posts)Theyre rich. They can pay for whatever it takes to literally kill people and not be held responsible. And theyre white.
Disgusted.
2naSalit
(86,536 posts)That a whole cast of legal appeals including from DoJ are being filed starting yesterday. This isn't over yet.
BigmanPigman
(51,584 posts)2naSalit
(86,536 posts)My confidence in the judiciary is starting to wane.
Sogo
(4,986 posts)seeking an abortion BECAUSE of their addiction? How many $10,000 suits would that entail?