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They family both owned and controlled (in the sense that the board was stacked with family members) the company that manufactured OxyContin. The _company_ has b
by jacobr1 5y ago
They family both owned and controlled (in the sense that the board was stacked with family members) the company that manufactured OxyContin. The _company_ has been found in prior cases to be liability for criminal marketing practices leading to deaths. This has ultimately lead to the company going bankrupt under all it legal obligations as fallout from various suits.
The family is losing their equity in the bankruptcy. The question is if the family, as both owners and/or directors of the company, need to give back funds they received as dividends from the company, back to the company (under the bankruptcy courts guidance to give out to its creditors, including parties owed money due to harm).
There hasn't been a specific criminal case against the family, so the prosecutors can't just seize the profits as proceeds of a criminal enterprise. But the family clearly benefited from and directed a company the willfully sold opioids that lead to the deaths of so many, and the corporate malfeasance is something that has been adjudicated.
- scotty79 5y agoWhy hasn't there been a specific criminal case? At least those people that served as board members should be criminally charged with something.
- Drunk_Engineer 5y agoBecause higher-ups in Congress, the DEA and DOJ were almost certainly paid off to ignore the Sacklers. So if the Sacklers were prosecuted, they would bring down other powerful insiders. Here is a 60-minutes interview with DEA agents who were inexplicably taken off cases: https://www.youtube.com/watch?v=Hd-43K-rdQA https://www.youtube.com/watch?v=Hd-43K-rdQA
- dillondoyle 5y agoYes https://www.justice.gov/opa/pr/justice-department-announces-global-resolution-criminal-and-civil-investigations-opioid https://www.justice.gov/opa/pr/justice-department-announces-... Because the Sacklers weren't just board members, it's privately held, and they actively micro managed and directed their criminal actions. Kapoor went to jail, but he was dumb enough to put on paper the reality of what all these 'marketing' tactics are: bribes and lies.