Event

Purdue payouts to the Sackler family (2008 to 2016)

Payments from Purdue to the Sackler family and their companies after the 2007 plea; about $11 billion in the Supreme Court’s account.

2 links, 2 backed by primary records

Connections 2

Purdue Pharma paid the family as much as 70% of its revenue after the 2007 plea, about $11 billion from 2008 to 2016, in the Supreme Court’s account Primary record 1
David Sackler agreed under oath the family took out about $10 billion in 2008 to 2018, "about half" paid in taxes; confirmed writing the 17 May 2007 "We’re rich" email; disputes the "milking" reading Primary record 2

Timeline 1 date

Proof 2 sources

Harrington v. Purdue Pharma L.P., No. 23-124 (slip opinion), Supreme Court of the United States, 27 Jun 2024. Primary record
Between 2008 and 2016, the family’s distributions totaled approximately $11 billion, draining Purdue’s total assets by 75% and leaving it in “a significantly weakened financial” state.
After the plea agreement, the Sacklers began taking as much as 70% of the company’s revenue each year.
The Role of Purdue Pharma and the Sackler Family in the Opioid Epidemic (hearing transcript, Committee on Oversight and Reform), U.S. House of Representatives, via GovInfo, 17 Dec 2020. Primary record
I believe it’s approximately $10 billion.
And, of that money, about half was paid in taxes.
What do you think is going on in all these courtrooms right now? We’re rich. For how long? Until which suit get through to the family?
I believe so, yes.
I can’t recall those specific conversations. However, I disagree with your assertion of even what “milking the company” meant in that context.

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