Tag: #bankruptcy

Real Estate Investment

Richard Sackler Loses Bid to Retain Connecticut Mansion in Purdue Pharma Bankruptcy Battle

Friday, October 30, 2026 | 00:07

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 the eventual proceeds earmarked to help fund a massive $7.4 billion opioid settlement. The decision came down on Wednesday when U.S. Bankruptcy Judge Sean Lane officially […]