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Purdue Pharma

September 10, 2019

Purdue Pharma expected to file for bankruptcy as settlement talks stall, family-owned Geely takes stake in German flying taxi start-up and Oracle’s Larry Ellison steps in to save daughter’s film production company.

Purdue Pharma expected to file for bankruptcy as settlement talks stall

The Sackler family, owners of Oxycontin-maker Purdue Pharma, have rejected a deal that would see them give up $4.5 billion of their personal wealth to settle multiple lawsuits against their company, according to two state attorneys general negotiating with the company.

January 14, 2014

New York-based family office Summer Road has put $100 million (€73.1 million) into an alternative mutual fund, following a trend of ultra high net worth families shifting away from traditional hedge funds.

New York-based family office Summer Road has put $100 million (€73.1 million) into an alternative mutual fund, following a trend of ultra high net worth families shifting away from traditional hedge funds.

According to media reports, Summer Road, headed by David Sackler, the grandson of Raymond Sackler who bought Purdue Pharma in 1952, has provided the seed funding for the Balter Long/Short Equity Fund.

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