Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
- Purdue filed for Chapter 11 bankruptcy protection in September, as part of a controversial settlement with about two dozen state attorneys general. Included in the settlement is an offer of $3 billion from the Sackler family's personal fortune.
. . .
Along with their $3 billion offer, they promised to give up control of Purdue Pharma. And in a controversial gesture, they have also asked the court to extend the lawsuit protection offered to companies during bankruptcy to the family itself — a move that would shelter their remaining personal wealth from litigation.
I may not be good at math, but I'm pretty certain 11 billion minus 3 billion equals 8 billion in profits. Sorry in advance for being flippant.