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News in-depthFT Investigations
Oxford university stuck with Sacklers as opioid deaths led others to cut ties
...According to a lawsuit she is identified in, Sackler was a member of Purdue’s board from 1993 until 2018....
February 20, 2023
Purdue Pharma LP
US Supreme Court grapples with Sackler liability releases in Purdue bankruptcy
...But lawyers for Purdue, the Sacklers and the creditors committee, which includes individual claimants, have argued the full liability release is a condition for the Sacklers making any financial contribution...
December 4, 2023
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
FT Alphaville
FTAV’s further reading
...— Beyond the landing (GMO) — A $12 Million Request to Cover a Crypto Scam Sank a Bank CEO (BBG $) — Conspicuous Destruction (NYRB) — “broooo I didnt wanna leave a trail but rigatoni literally works...
September 29, 2023
Live news updates from May 16: Pfizer raises $31bn in bond sale, Russian oil exports hit post-invasion high
Oxford university drops Sackler name from buildings
...The decision comes at the end of a months-long review instigated by the new vice-chancellor Irene Tracey....
May 16, 2023
Letter
Letter: Philanthropy or giving — the wealth of difference
...Cecil Rhodes was a racist and imperialist who established an entire British colony based on brutal exploitation....
January 12, 2024
Letter
Letter: Carnegie’s philanthropy was born of nobler ideals
...I think it’s unfair to include Andrew Carnegie in the same company as horrific characters such as Jeffrey Epstein and the Sackler family....
January 19, 2024
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
Purdue Pharma LP
Supreme Court halts $6bn Purdue opioid settlement in blow to Sacklers
...A spokesman for the family of the late Mortimer Sackler declined to comment, while the family of the late Raymond Sackler did not immediately reply to a request for comment....
August 10, 2023
Due Diligence
A failed property empire sheds its party planners and jet crew Premium content
...The $6bn contributed by the Sacklers is a big chunk of the Purdue profits that the family withdrew over several years....
December 6, 2023
US opioid epidemic
Purdue Pharma allowed to shield Sackler owners from opioid lawsuits
...Members of the Sackler family who own Purdue Pharma can be shielded from lawsuits linked to the US opioid crisis in exchange for payments worth up to $6bn, appellate judges have ruled in a reversal of a...
May 30, 2023
University of Oxford
Oxford university drops Sackler name from buildings after investigation
...Later that same year, Sackler was invited to the annual Ashmolean gala dinner in September. According to a lawsuit she is identified in, Sackler was a member of Purdue’s board from 1993 to 2018....
May 16, 2023
LexBankruptcy
Sacklers/Purdue: judges do not want perfect to be enemy of good Premium content
...The subject was a settlement between victims of the US opioid crisis and some members of the billionaire Sackler family, The federal court said it would over-rule a district-court decision disallowing civil...
May 31, 2023
US opioid epidemic
Publicis to pay $350mn to settle US opioid crisis case
...Purdue Pharma, which is owned by the billionaire Sackler family, has been the target of multiple lawsuits and criminal proceedings for promoting the widespread use and safety of the opioids it manufactured...
February 2, 2024
ReviewTelevision
Painkiller is a surprisingly watchable drama about the opioid crisis
...(“Stick with cancer, you own cancer,” a wary board member warns Sackler during a tense meeting about OxyContin.)...
August 11, 2023
Live news updates from August 10: Kate Spade and Jimmy Choo parents merge, US inflation edges up
US Supreme Court stays Purdue Pharma $6bn bankruptcy settlement
...The US Supreme Court has put on hold a $6bn bankruptcy settlement by Purdue Pharma that would shield members of the Sackler family that own the company from future lawsuits linked to the US opioids crisis...
August 10, 2023
Live news updates from August 11: Global oil demand hits record, China’s bank lending plummets
Supreme Court puts Purdue Pharma’s $6bn bankruptcy settlement on hold
...The US Supreme Court has put on hold a $6bn bankruptcy settlement by Purdue Pharma that would shield members of the Sackler family that own the company from future lawsuits linked to the US opioids crisis...
August 10, 2023
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
University of Oxford
Oxford university urged to review donor policy in wake of outcry over Sackler ties
...A Financial Times investigation on Monday showed that over the past two years Oxford extended exclusive invitations to a Sackler family member and accepted funds from a Sackler family charity as it maintained...
February 24, 2023
ReviewTelevision
The Fall of the House of Usher review — Edgar Allan Poe gets a contemporary twist
...But the Ushers are less indebted to the Roys than the real-life Sacklers, who have been accused of driving America’s opioid epidemic through their pharmaceutical company....
October 16, 2023
Letter
Letter: Bankruptcy court played its part in opioid case
...Under the terms of the agreement, the Sacklers, who were not a debtor in Purdue’s bankruptcy, agreed to contribute up to $6bn to the bankruptcy estate in exchange for a release of certain claims from Purdue...
June 5, 2023
ReviewHistory books
Smoke and Ashes review — Amitav Ghosh on the opium trade
...That mirrors Patrick Radden Keefe’s thesis in Empire of Pain, his epic 2021 investigation into how the Sackler family profited from a devastating opioid epidemic that it helped to create, and to which Ghosh...
February 9, 2024
Letter
Letter: The Science Museum’s philanthropy hypocrisy
...But the Science Museum faces a much bigger scandal. Barbara MullarneyLondon W3, UK...
August 25, 2023
ReviewFilm
All the Beauty and the Bloodshed — unmissable film on Nan Goldin vs the Sacklers
...Yes, the Sacklers and Goldins are briefly paralleled as American families, the way a dramatist would. More importantly, though, a different model of being is kept in sight too....
January 26, 2023
Bankruptcy
The US scourge of venue shopping
...The notorious Purdue Pharma case was also selectively filed in a one-judge venue in an apparent attempt to benefit from the presiding judge’s previous rulings in other cases that would allow the Sackler...
March 28, 2024
FirstFT
FirstFT: California gives the green light to driverless taxis
...The decision is a blow to the Sacklers. Here’s why. 2. Amazon is tracking attendance and targeting US employees who fail to return to the office....
August 11, 2023
InterviewPhilanthropy
Philanthropy adviser Leslie Ramos on how to get the rich to fund the arts
...Her timing is spot on: the museum sector’s repudiation of the Sacklers, the family whose name once graced the halls of our most august institutions before the opioid crisis, has led to increased public scrutiny...
January 2, 2024
LexUS opioid epidemic
Mallinckrodt: legal rejig may slash $1.1bn from opioid victims’ trust Premium content
...This kept members of the founding family — the Sacklers in the case of drugs company Purdue — or the company out of court....
August 23, 2023

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