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GREED: Sackler Family Reportedly Pocketed $13 Billion From Opioid Epidemic Before Purdue Pharma Made Bankruptcy Claim

States are pushing back against Purdue Pharma’s bankruptcy claim.

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States are alleging that Purdue Pharma LP enriched the Sackler family with $13 billion while the opioid crisis destroyed America, and they are opposing efforts to end lawsuits that would hold them accountable.

According to court documents, a company adviser testified in a deposition that between $12 billion and $13 billion was transferred to the family from Purdue Pharma. The corporation is now claiming bankruptcy to avoid complicity in the opioid crisis they helped create.

Attorney generals from 24 states and the District of Columbia are demanding that the Sacklers pony up more than the $3 billion they have offered to pay in order to remedy lawsuits filed against Purdue Pharma. The corporation requested in September for the dismissal of 2,600 lawsuits filed against the Big Pharma giant seeking damages for pushing Oxycontin onto unsuspecting patients.

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Another court filing shows that attorneys representing 500 cities, counties and Indian tribes are also objecting to Purdue Pharma’s request, as the opioid maker tries to wiggle out of accountability for the national crisis that has their fingerprints all over it.

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“The distribution numbers do not reflect the fact that many billions of dollars from that amount were paid in taxes and reinvested in businesses that will be sold as part of the proposed settlement,” said Daniel S. Connolly, a Sackler lawyer, in a statement.

The various lawsuits contend that Purdue Pharma is responsible for the deaths of nearly 400,000 people over the last two decades by deliberately misrepresenting the risk in order to proliferate their addictive drugs.

“The Sacklers are billionaires, they are not bankrupt,” Massachusetts Attorney General Maura Healey said to Reuters. “They should not be allowed to use the filing to shield their assets.”

Purdue Pharma filed for Chapter 11 bankruptcy protection in September, claiming that it was necessary to deal with the cost of litigation as the chickens come home to roost for years of the corporate giant pushing opioids on the masses.

“Without a stay of the litigation, only lawyers will win,” the company claimed in a public statement.

In addition, the Sacklers had paid off elite universities throughout the world to allegedly peddle false science that helped boost their obscene opioid profits.

The Chicago Tribune reports:

Prestigious universities around the world have accepted at least $60 million over the past five years from the family that owns the maker of OxyContin, even as the company became embroiled in lawsuits related to the opioid epidemic, financial records show.

Some of the donations arrived before recent lawsuits blaming Purdue Pharma for its role in the opioid crisis. But at least nine schools accepted gifts in 2018 or later, when states and counties across the country began efforts to hold members of the family accountable for Purdue’s actions. The largest gifts in that span went to Imperial College London, the University of Sussex and Yale University.

Major beneficiaries of Sackler family foundations also included the University of Oxford in England and Rockefeller, Cornell and Columbia universities in New York, according to tax and charity records reviewed by The Associated Press.

In total, at least two dozen universities have received gifts from the family since 2013, ranging from $25,000 to more than $10 million, the records show.

Healey hopes to use the power of the states to force the Sackler family to pay many more billions than they they have offered, and set a strong example against corporate drug-pushing that will prevent the heinous practice in the future.

Big League Wellness

POLL: The Wealthy, Those with Graduate Degrees Thriving During COVID Pandemic as Working People Suffer

No wonder they support draconian COVID measures the most.

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New polling from Morning Consult reveals that some of the demographics most supportive of draconian coronavirus lockdown measures are personally gaining the most during their implementation.

In a December poll with over 2,200 respondents, Americans with a post-graduate education and those who already make over $100,000 a year reported their personal prospects improving during 2020.

Americans who work in the technology and finance industries were unlikely to face ramifications from lockdown measures from begin with, suggesting it’s no surprise that they’d support draconian measures the most.

The polling data correlates with other information suggesting that the biggest ‘winners’ and wealthiest interests in American and western society have prospered as everyday people have suffered during the coronavirus pandemic. Globalist oligarchs leading multinational corporations have transferred obscene amounts of wealth to themselves, much of it coming as they corner market share previously belonging to small businesses that can only operate as a physical retail enterprise. In tried and true fashion, the biggest supporters of the most draconian lockdown measures don’t stand to suffer their consequences, and in fact reap their rewards.

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Everyday Americans of various stripes are the ones that need the most assistance from the ravages of the pandemic, not the wealthy elite. The economic consequences of the coronavirus pandemic can’t be turned off by alleviating the draconian restrictions still in place in many of America’s progressive-Democrat states, but allowing small business owners to pick up the pieces is the first in many steps required to reverse the obscene ‘Great Reset’ of power and wealth in favor of the billionaire class.


Follow me on Gab @WildmanAZ, Twitter @Wildman_AZ, and on Parler @Moorhead.

 

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