Purdue Pharma Settlement Expected To Reach $7.4B
Purdue Pharma is expected to forfeit $225 million as part of a criminal sentence related to the ongoing opioid crisis. The company also admitted to using a kickback scheme to pay doctors to over-prescribe highly addictive opioid medications. US officials stated these actions contributed to the spread of opioid addiction and increased vulnerability to the fentanyl crisis. DOJ officials stated the maker of OxyContin engaged in illegal marketing practices that fueled the opioid crisis. The company's owners and executives avoided a trial. This criminal settlement was originally reached with the DOJ in 2020. A pharmaceutical company received a criminal sentence following admissions of misleading the public about OxyC- safety. Assistant Attorney General Tyson Duva stated the company's conduct had far-reaching consequences for hundreds of thousands of American families.
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Sources · 7 independent
“Purdue Pharma expected to forfeit $225m as sentence in criminal opioids case”
“Purdue Pharma sentenced in criminal opioid case while company leaders avoid charges”
“Purdue Pharma admitted misleading the public about the safety of oxycontin and to paying doctors through a kickback scheme to over prescribe highly addictive opioid medications.”
“Purdue Pharma will pay a quarter of a billion dollars in fines to the US Justice Department after being sentenced on federal criminal charges.”
“Assistant Attorney General Tyson Duva told reporters the company has now faced a reckoning. Produce conduct, which had devastating and far-reaching consequences for hundreds of thousands of American families affected by the opioid crisis, ends in a criminal conviction”
“The Sacklers and Purdue Pharma are now expected to quickly finalize a much larger federal bankruptcy settlement worth roughly $7.4 billion.”
“reached out to Purdue farm the $225 million that will be paid.”
“The Sacklers and Purdue Pharma are now expected to quickly finalize a much larger federal bankruptcy settlement worth roughly $7.4 billion.”
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