Documents Released in Purdue Bankruptcy Show Sackler Family Members Conducted Themselves Properly
Since 2007, Board Received Quarterly Reports Confirming Sales & Marketing Was in Compliance with Law
Federal Office of Inspector General (OIG) annually confirmed Purdue’s sales and marketing compliance with its Corporate Integrity Agreement.
Management and outside counsel confirmed to the board that Purdue continued to remain in compliance.
“It appears that Purdue has successfully implemented the initial requirements of its Corporate Integrity Agreement.”
“During the Fifth Reporting Period, no Reportable Events were identified.”
“Purdue continues to have strong systems and processes in place… There have been no significant compliance issues in the 4th quarter, or in Full Year 2014.”
“This report focuses on: Positive review of Commercial Compliance program by outside counsel.”
“This report focuses on: Update on discretionary improvements of the Commercial Compliance program based on review by outside counsel.”
“No significant compliance issues to report; We continue to meet or exceed all of our ‘business as usual’ requirements.”
“[Purdue had] a strong culture; very compliant[,] conservative—we are very, very, very conservative.”MARK TIMNEY, FORMER PURDUE PHARMA CEO
Purdue & Sackler Family Have Provided Unprecedented Transparency Into Purdue Operations & Sackler Wealth
- The Sackler family supports public release of Purdue documents.
- Relevant Purdue documents have been provided to plaintiffs’ lawyers & government officials.
- Sackler family business interests and finances have been disclosed.
- Purdue has committed to creating a publicly accessible website for viewing its documents.
“… more information has been provided with respect to this plan and more specifically with respect to the elements of a settlement with the Sacklers than I have ever seen, and I would daresay have ever been provided in any Chapter 11 case”
“… the non-consenting state claimants have every scrap of information that they need to do their jobs as the chief legal officers of the states that they represent to make a choice, and before making that choice on the plan, to negotiate.”Judge Robert Drain, March 2021
No Other Company in Opioid Litigation Has Shared so Much Information
Raymond Sackler Family Members Who Served on Purdue’s Board
|Member||Dates Served on Purdue’s Board|
|Raymond Sackler (deceased)||October 2, 1990 to July 17, 2017|
|Beverly Sackler (deceased)||January 15, 1993 to October 14, 2017|
|Jonathan Sackler (deceased)||October 2, 1990 to December 8, 2018|
|Richard Sackler||October 2, 1990 to July 24, 2018|
|David Sackler||July 19, 2012 to August 14, 2018|
Purdue Documents Will Eventually be Uploaded to Website Available for Public Review
Beginning in December 2020, with the Sackler family’s consent, hundreds of documents in Purdue’s bankruptcy case that were confidential for years began being rapidly released and show that:
- Sackler family members who served on Purdue’s board conducted themselves ethically and lawfully.
- Purdue’s board was repeatedly assured by management that sales and marketing were in compliance with the law since 2007.