Rationale for Settling

Sackler Family Rationale for Settling

The goal is to deploy resources for communities and people in need as soon as possible. The Sackler family does not want funds available for a public benefit to be consumed by attorneys’ fees, responding over decades to thousands of lawsuits in dozens of states. Continuing litigation benefits no one.

The Sackler family looks forward to setting the record straight and views concluding the legal cases as an important step in that process.

The Sackler family wants to contribute positively to addressing the opioid crisis in a constructive, immediate way and regrets that OxyContin, which continues to help people suffering from chronic pain, unexpectedly became part of the opioid crisis.

Sackler Family Proposed Contributing More Than All Profit Distributions From Purdue

The Sackler family offered to contribute its ownership of Purdue (whose future profits valued at $4 billion^[2] will be dedicated to addressing opioid addiction) plus at least an additional $5.5 billion to help communities and people in need, with the possibility of an additional $500 million based on the potential sale value of international businesses. This is more money than what was retained in profits from Purdue’s sale of OxyContin.

This resolution is intended to provide urgently needed resources to communities nationwide. The Sackler family regrets that a prescription medicine that continues to help people suffering from chronic pain unexpectedly became part of the opioid crisis.