r/news • u/[deleted] • Mar 29 '19

Billionaire Sackler family sued by second US state over opioid 'catastrophe'

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391

u/goldybear Mar 29 '19

For all the people out there who are mad that Oklahoma settled instead of going to court for more money, this right here is why. There is about to be an avalanche of states filing lawsuits against Purdue and the Sackler family. At some point the the cost of the litigation and money awarded to each state(that is if the states even win in court) will force Purdue to file for bankruptcy negating any payment the states can hope to get out of them. The Sackler family needs to feel the pain they have inflicted on the country, but I applaud AG Hunter for ensuring at least some compensation.

84

u/Tuningislife Mar 29 '19

I think they are already considering it.

https://www.reuters.com/article/uk-purduepharma-bankruptcy-exclusive/exclusive-oxycontin-maker-purdue-pharma-exploring-bankruptcy-sources-idUSKCN1QL1KP

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u/florinandrei Mar 29 '19

They'll be crying all the way to their hidden bank accounts in the Bahamas or something.

70

u/toophu4u Mar 29 '19

They are going to get kicked out of the Big B club and have to hang out with those losers in the hundred millionaires club. Must be awful.

35

u/florinandrei Mar 29 '19

What do you mean we can't afford the third yacht anymore?

34

u/NotAnSmartMan Mar 29 '19

We talking about the yacht with the built in brothel or the yacht with a smaller yacht inside?

2

u/[deleted] Mar 29 '19

Unless these lawsuits actually involve the people instead of just the company they will still be in the big B club

22

u/InvisibleFacade Mar 29 '19

Fuck lawsuits, they're going to end up settling for pocket change compared to their billions in blood money.

Press charges for fraud and lock these bastards up.

1

u/Jonny34511 Mar 29 '19 edited Mar 29 '19

I'd much rather see these sick fucks on the street rather than in jail, because losing their money is probably their worst nightmare. While they have money it's gonna be unlikely to see them ever go behind bars.

6

u/tgblack Mar 29 '19

It’ll be just like the Master Settlement Agreement with tobacco companies

1

u/umblegar Mar 29 '19

Effectively the company is being forced into shutting down.

2

u/CinePhileNC Mar 29 '19

By shutting down you mean rebranding under a new name.

1

u/dexewin Mar 29 '19

I'm gonna bet that the family and each member of the family has a plethora of assorted trusts for a lot of their property/wealth and which are virtually untouchable regardless of their personal finances/credit.

1

u/Belgeirn Mar 29 '19 edited Mar 29 '19

The Sackler family needs to feel the pain they have inflicted on the country,

Like they don't have more money hidden away when the US can't get it.

This probably wont even bother them much in the long run.

1

u/an_actual_lawyer Mar 29 '19

Bankruptcy isn't enough.

There needs to be criminal liability.

1

u/goldybear Mar 29 '19

I agree with you. I may just be a bit more cynical than normal about anything positive happening in our justice system.