celebrity.estateAn EGRET.LAW propertyWorld map3D timeline
Home / Foundations / The Sacklers drew $11 billion out of Purdue Pharma, museums removed their name, and the…
Case file s518 · Foundations · 2019
2019
Press conference on litigations against Purdue Pharma (E5zaHzGXEAEaucB)
Press conference on litigations against Purdue Pharma (E5zaHzGXEAEaucB). Office of Governor Charlie Baker. Public domain, Wikimedia Commons.
Died
"living; case filed 2019 (Purdue Pharma Chapter 11, US Bankruptcy Court, S.D.N.Y.)"
Place
White Plains, New York · United States
Field
pharmaceuticals (OxyContin) · Business and finance on the timeline
Legal tradition
US bankruptcy law · Common law
Historical event
US opioid epidemic; about 247,000 prescription-opioid deaths 1999 to 2019

The Sacklers drew $11 billion out of Purdue Pharma, museums removed their name, and the Supreme Court voided their release in 2024

Purdue Pharma, owned and controlled by the Sackler family, began selling OxyContin in the mid-1990s and earned about $34 billion from 1996 to 2019, mostly from the drug. In 2007 an affiliate pleaded guilty to misbranding it. The Supreme Court recorded that the family then began what one member called a "milking" program: before 2007 distributions were under 15% of revenue; afterwards up to 70%. From 2008 to 2016 the Sacklers took about $11 billion, draining 75% of Purdue's assets, much of it to overseas trusts and family companies. Purdue filed for bankruptcy in 2019. The family offered $4.325 billion, later raised by $1.175 to $1.675 billion, in return for releases from all opioid claims. On 27 June 2024, in Harrington v. Purdue Pharma, the Court ruled 5 to 4 that bankruptcy law does not allow such releases without the claimants' consent. Museums had already acted: the Tate and the National Portrait Gallery refused Sackler money in March 2019, the Louvre removed the name in July 2019, and the Metropolitan Museum of Art in December 2021†. A new plan of about $7.4 billion was confirmed in November 2025†.

What the law took from it

Moving money out of a company ahead of litigation is what courts later count against the family, and naming rights at museums can be withdrawn.

Cite as: celebrity.estate, “The Sacklers drew $11 billion out of Purdue Pharma, museums removed their name, and the Supreme Court voided their release in 2024,” story s518, https://www.celebrity.estate/sacklers-2019, updated 30 October 2026.

Related cases

Each one shares a person, a kind of fight, a subject, a period or a place with this case. The line under each headline says which.

Elon Musk: Elon Musk - 54820081119 (3x4 cropped, Rule of thirds)2024 · Austin, TexasElon Musk gave his foundation $7.9 billion in Tesla stock in two years, and its filings show it paid out less than requiredShared: also Foundations; 5 years apart; also North AmericaElon and Kimbal Musk set up the Musk Foundation in 2001 with about $2.1 million in eBay shares. Its board is Elon Musk and two employees of his family office, Jared Birchall and Matilda Simon, and it has no staff.Cornell Law School, LII and 2 moreBill Gates: Bill Gates at the European Commission - P067383-987995 (cropped) 52025 · Seattle, WashingtonBill Gates said in May 2025 the Gates Foundation will spend its endowment and close on 31 December 2045Shared: also Foundations; 6 years apart; also North AmericaBill and Melinda Gates built the largest US private foundation, holding its assets in the Gates Foundation Trust.The New York Times and 3 morePaul Newman: Paul Newman - 19582008 · Westport, ConnecticutPaul Newman left his food company to a foundation run by his adviser, his daughter said the family was pushed out, and Congress changed the law for itShared: also Foundations; 11 years apart; also North AmericaIn 1982 Paul Newman and A.E. Hotchner started Newman's Own with $20,000 each, and all its after-tax profits went to charity.Cornell Law School, LII and 2 moreArmand Hammer: Armand Hammer 821990 · Los Angeles, CaliforniaArmand Hammer built his museum with Occidental Petroleum money and died with shareholders, his son and USC in courtShared: also Foundations; 29 years apart; also North AmericaHammer, chairman of Occidental Petroleum, sat on the Los Angeles County Museum of Art board for nearly 20 years and had pledged his collection, valued at $250 million, to it. After a dispute over display he withdrew.Los Angeles Times and 2 moreAI illustration: The New York State Supreme Court building on Centre Street, 20182018 · New York, New YorkNew York shut down the Donald J. Trump Foundation in 2018 and Trump paid $2 million to eight charitiesShared: also Foundations; 1 year apart; also North AmericaDonald Trump formed the foundation in 1988. During the 2016 campaign, Washington Post reporting raised questions about its spending.ag.ny.gov and 1 moreJan Crouch: Jan Crouch TBN2013 · Orange County, CaliforniaA granddaughter accused TV evangelists Paul and Jan Crouch in 2012 of spending their network's donations on themselvesShared: also Foundations; 6 years apart; also North AmericaPaul and Jan Crouch founded the Trinity Broadcasting Network in 1973. In 2004 the Los Angeles Times reported that TBN collected more than $120 million a year from viewers, more than any other TV ministry.Los Angeles Times and 2 more