Owners of OxyContin Refuse to Settle Cases.
The Sacklers family has quickly become a household name due to the onslaught of lawsuits they are facing. The family that owns Purdue Pharma, the creators of Oxycotin, have been in the news daily over the number of lawsuits over their now infamous drug. Oxycontin and other opioids have been blamed for the current opioid crisis in America. Thanks to their aggressive marketing, and downplaying the harmful effects, millions of Americans became addicted to the substance. Since the lawsuits now have gained so much traction, Purdue is at risk of bankruptcy. So the Sackler family is speaking with lawyers for a national settlement. The one problem now is, the family refuses to settle.
The settlement talks are now at an impasse. The state attorneys negotiating demanded $4.5 billion of the families personal wealth to settle the cases. The family rejected this offer and even refused to come up with a counteroffer. After hearing the demands of state attorneys some believe the company will file for bankruptcy, immediately.
The deaths from prescription opioids have claimed over 200,000 lives since the outbreak of the crisis in the 1990s. The sales of opioids have allowed companies to make billions of dollars from the addiction of Americans all over the country. The mass sale of opioids has made the Sacklers family one of the richest families in the U.S
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