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Sackler family about to get immunity

MrSquished

Lifer
Jan 14, 2013
12,709
9,539
136
now if you are some dude on the corner in a poor neighborhood selling weed, your whole life gets fucked if you get caught. but if you are a super mega wealthy billionaire family, you can poison and kill hundreds of thousands, pay a fine while still remaining one of the wealthiest families in the COUNTRY, and be immune from further lawsuits. what a country. of course it's mostly republican attorneys that are for this deal


"After more than a year of high stakes negotiations with billions of dollars on the line, a bankruptcy plan for Purdue Pharma, the maker of Oxycontin, cleared a major hurdle late Wednesday.

Federal Judge Robert Drain in White Plains, N.Y., moved the controversial deal forward despite objections from dozens of state attorneys general, setting the stage for a final vote by the company's creditors expected this summer.

The drug maker filed for Chapter 11 protection in 2019 facing an avalanche of lawsuits tied to its aggressive opioid sales practices.

Public health experts and many government officials say the introduction of Oxycontin fueled the nation's deadly opioid epidemic.

This development brings members of the Sackler family, some of whom own Purdue Pharma and served on the company's board of directors, a step closer to winning immunity from future opioid lawsuits.

According to legal documents filed as part of the case, that immunity would extend to dozens of family members, more than 160 financial trusts, and at least 170 companies, consultants and other entities associated with the Sacklers."
 

nickqt

Diamond Member
Jan 15, 2015
6,905
5,921
136
now if you are some dude on the corner in a poor neighborhood selling weed, your whole life gets fucked if you get caught. but if you are a super mega wealthy billionaire family, you can poison and kill hundreds of thousands, pay a fine while still remaining one of the wealthiest families in the COUNTRY, and be immune from further lawsuits. what a country. of course it's mostly republican attorneys that are for this deal


"After more than a year of high stakes negotiations with billions of dollars on the line, a bankruptcy plan for Purdue Pharma, the maker of Oxycontin, cleared a major hurdle late Wednesday.

Federal Judge Robert Drain in White Plains, N.Y., moved the controversial deal forward despite objections from dozens of state attorneys general, setting the stage for a final vote by the company's creditors expected this summer.

The drug maker filed for Chapter 11 protection in 2019 facing an avalanche of lawsuits tied to its aggressive opioid sales practices.

Public health experts and many government officials say the introduction of Oxycontin fueled the nation's deadly opioid epidemic.

This development brings members of the Sackler family, some of whom own Purdue Pharma and served on the company's board of directors, a step closer to winning immunity from future opioid lawsuits.

According to legal documents filed as part of the case, that immunity would extend to dozens of family members, more than 160 financial trusts, and at least 170 companies, consultants and other entities associated with the Sacklers."
Commit billions of dollars worth of crimes.

Pay a tiny fraction in fees. "The cost of doing business".

It's the American Way. Freedom, if you will.

Why do you hate America?
 

brandonbull

Diamond Member
May 3, 2005
6,010
863
126
Seems like that judge is a favorite of big companies when filing for bankruptcy.
 

hal2kilo

Lifer
Feb 24, 2009
18,494
5,632
136
now if you are some dude on the corner in a poor neighborhood selling weed, your whole life gets fucked if you get caught. but if you are a super mega wealthy billionaire family, you can poison and kill hundreds of thousands, pay a fine while still remaining one of the wealthiest families in the COUNTRY, and be immune from further lawsuits. what a country. of course it's mostly republican attorneys that are for this deal


"After more than a year of high stakes negotiations with billions of dollars on the line, a bankruptcy plan for Purdue Pharma, the maker of Oxycontin, cleared a major hurdle late Wednesday.

Federal Judge Robert Drain in White Plains, N.Y., moved the controversial deal forward despite objections from dozens of state attorneys general, setting the stage for a final vote by the company's creditors expected this summer.

The drug maker filed for Chapter 11 protection in 2019 facing an avalanche of lawsuits tied to its aggressive opioid sales practices.

Public health experts and many government officials say the introduction of Oxycontin fueled the nation's deadly opioid epidemic.

This development brings members of the Sackler family, some of whom own Purdue Pharma and served on the company's board of directors, a step closer to winning immunity from future opioid lawsuits.

According to legal documents filed as part of the case, that immunity would extend to dozens of family members, more than 160 financial trusts, and at least 170 companies, consultants and other entities associated with the Sacklers."
Should let all in prison on drug charges free then. What's good for the goose should be good for the gander.
 

Leeea

Golden Member
Apr 3, 2020
1,178
1,413
96
Commit billions of dollars worth of crimes.

Pay a tiny fraction in fees. "The cost of doing business".

It's the American Way. Freedom, if you will.

Why do you hate America?
You forgot about the 500,000 some people they murdered.

but yes, that is the American way. One set of rules for the rich, another for everyone else. Crony capitalism to the core.
 

woolfe9998

Lifer
Apr 8, 2013
14,371
10,051
136
How is it that a company can admit to crimes being committed but no individual faces charges? Did the company become sentient and self-aware?
Companies can be charged with crimes, and face large fines. But that, of course, begs the question of which individuals are actually responsible for the crimes. Because fictional business entities don't actually commit crimes. It's the people the fictional entities employ who do.
 
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ch33zw1z

Lifer
Nov 4, 2004
34,321
13,231
146
Netflix had a documentary called The Pharmacist that was one man's personal tale of opioid epidemic firing up.
 

Sunburn74

Diamond Member
Oct 5, 2009
4,585
1,914
136
Companies can be charged with crimes, and face large fines. But that, of course, begs the question of which individuals are actually responsible for the crimes. Because fictional business entities don't actually commit crimes. It's the people the fictional entities employ who do.
Exactly. It boggles the mind. Companies don't just commit crimes, people do.
 

Lost_in_the_HTTP

Diamond Member
Nov 17, 2019
4,231
2,345
106
Federal Judge Robert Drain in White Plains, N.Y., moved the controversial deal forward despite objections from dozens of state attorneys general, setting the stage for a final vote by the company's creditors expected this summer.
Seems like that judge is a favorite of big companies when filing for bankruptcy.
(1) Each bankruptcy judge to be appointed for a judicial district, as provided in paragraph (2), shall be appointed by the court of appeals of the United States for the circuit in which such district is located. Such appointments shall be made after considering the recommendations of the Judicial Conference submitted pursuant to subsection (b). Each bankruptcy judge shall be appointed for a term of fourteen years, subject to the provisions of subsection (e).

"(e) A bankruptcy judge may be removed during the term for which such bankruptcy judge is appointed, only for incompetence, misconduct, neglect of duty, or physical or mental disability and only by the judicial council of the circuit in which the judge’s official duty station is located. Removal may not occur unless a majority of all of the judges of such council concur in the order of removal. Before any order of removal may be entered, a full specification of charges shall be furnished to such bankruptcy judge who shall be accorded an opportunity to be heard on such charges."






 

SteveGrabowski

Diamond Member
Oct 20, 2014
3,869
2,388
136

BoomerD

No Lifer
Feb 26, 2006
57,785
6,036
126
What good is having billions of $$$ if you can't buy yourself some favorable legal decisions?
 

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