Just the Facts with Gerald Posner

Just the Facts with Gerald Posner

Is the Department of Justice about to give Purdue Pharma and the Sackler family a 'Get Out of Jail Free' Pass?

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Gerald Posner
Oct 21, 2020
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The Wall Street Journal reported yesterday that the "The Justice Department is urging a bankruptcy judge to limit a creditor probe of OxyContin maker Purdue Pharma LP into the billions of dollars in profits collected by the Sackler family members who own the company."

The paper also reported that "Government investigations into Purdue are close to being resolved under a settlement that could be announced as soon as Wednesday."

Last week twenty-five state Attorneys General wrote to Attorney General William Barr setting forth reasons why they opposed any settlement. The state AG's were staunchly against a Justice Department proposal that would convert Purdue Pharma in a "public benefit company" that continued to sell OxyContin. (read the state AG letter).

Thirty-eight members of Congress also wrote to Attorney General Barr, expressing "our deep concern regarding recent alarming reports suggesting that Purdue Pharma, the maker of OxyContin, and members of the Sackler family are nearing a pl…

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