Disgraced Purdue Pharma Exec Richard Sackler Must Forfeit His $63 Million Mansion To Settle Opioid Claims, Judge Rules

Former Purdue Pharma chairman and president Dr. Richard Sackler and his wife, Lin Gao, have been legally barred from interfering with the sale of their multimillion-dollar Connecticut estate, with proceeds earmarked for a $7.4 billion opioid settlement. U.S. Bankruptcy Judge Sean Lane on Wednesday rejected the couple's motion to overturn his earlier ruling that designated their 10,000-square-foot waterfront mansion in Greenwich, CT, as an asset to be used as collateral to satisfy claims in the complex bankruptcy case.The settlement resolves tens of thousands of lawsuits filed against the defunct pharmaceutical giant by victims of the deadly, decades-long opioid epidemic, Reuters reported.Built in 1949 and previously owned by late Purdue Pharma co-founder Dr. Raymond Sackler and his wife, the six-bedroom spread with an inground pool sitting on more than 2 acres of land was sold by one Sackler family trust to another for nearly $63 million in April, as Greenwich Free Press reported, citing assessor records.Lane ruled that by seeking to thwart or delay the sale of their property, Sackler and Gao had violated the letter and spirit of their agreement to compensate the families of some o...