The Latest: Sackler spokesperson defends oversea transfers

NEW YORK (AP) — The Latest on Purdue Pharma’s Swiss bank transfers (all times local):

10:15 p.m.

A spokesperson for Mortimer D.A. Sackler has defended $1 billion in previously unknown transfers from OxyContin maker Purdue Pharma to his family, saying they were “perfectly legal and appropriate in every respect.”

New York state’s attorney general contends that the Sackler family, which owns OxyContin maker Purdue Pharma, used the oversea bank accounts to conceal the transfer of millions of dollars from the company to themselves.

New York on Friday asked a judge to enforce subpoenas of companies, banks and advisers to Purdue and the Sackler family.

The spokesperson says the attorney general’s contention is an attempt to “torpedo a mutually beneficial settlement that is supported by so many other states and would result in billions of dollars going to communities and individuals across the country that need help.”

The spokesperson says the transfers occurred a decade ago.

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4:47 p.m.

New York state’s attorney general contends that the family that owns OxyContin maker Purdue Pharma used Swiss bank accounts to conceal the transfer of millions of dollars from the company to themselves.

New York on Friday asked a judge to enforce subpoenas of companies, banks and advisers to Purdue and the Sackler family.

The state said it has already documented $1 billion in transfers between those parties.

The filing was made in a New York court. It follows decisions by that state and others to reject a tentative settlement announced this week with Stamford, Connecticut-based Purdue.

Associated Press

Associated Press

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