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New York going after Sackler family’s financial records in opioid case

Posted on August 19, 2019 by admin

New York officials are demanding that banks and other companies with connections to the family that owns OxyContin maker Purdue Pharma hand over financial records as the state tries to trace where money from opioid sales ended up.

The state attorney general’s office this week began issuing subpoenas this week.

New York is among states that have filed legal claims against Purdue Pharma seeking to hold the company responsible for the opioid crisis. At least states are suing members of the Sackler family.

The attorney general’s office contends that the family fraudulently removed money from the company and that it needs details from investment advisers and companies connected to the family to show that.

A lawyer for family members says the claims are “without merit and the subpoenas are improper.”

Boris Johnson prepares to make debut as PM on world stage on.ftmMYpSo

Gibraltar rejects U.S. legal bid to seize Iranian tanker on.ftmTHgyi

U.S. President Donald Trump casts doubt on any Huawei reprieve on.ftmKQTBVu

Overview

UK Prime Minister Boris Johnson will make his debut on the world stage this week, first by travelling to Berlin for talks with German Chancellor Angela Merkel and to Paris to meet France President Emmanuel Macron.

Gibraltar has refused a U.S. legal request to seize the Iranian tanker Grace that has been at the centre of a stand-off between Iran and the West.

U.S. President Donald Trump has cast doubt on any reprieve for U.S. companies selling to Huawei Technologies Co Ltd , saying he does “not want to do business at all” with the Chinese telecoms company.

Compiled by Bengaluru newsroom

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