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CT To Receive $95M From Purdue Settlement, Create Opioid Survivors Trust, AG Says CT To Receive $95M From Purdue Settlement, Create Opioid Survivors Trust, AG Says
CT To Receive $95M From Purdue Settlement, Create Opioid Survivors Trust, AG Says Connecticut has big plans for its share of the $6 billion Purdue Pharma settlement after being one of nine agencies to appeal a previous settlement with the Sackler family. As part of the multi-billion dollar settlement, Connecticut is set to receive approximately $95 million, which is approximately 40 percent more than the previously vacated settlement that was appealed by state officials. Earlier story - Purdue Pharma Reaches $6B Settlement With US States Over Thousands Of Opioid-Related Lawsuits Connecticut Attorney General William Tong said that the money the state will receive as part…

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by Zak Failla
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Purdue Pharma Reaches $6B Settlement With US States Over Thousands Of Opioid-Related Lawsuits Purdue Pharma Reaches $6B Settlement With US States Over Thousands Of Opioid-Related Lawsuits
Purdue Pharma Reaches $6B Settlement With US States Over Thousands Of Opioid-Related Lawsuits OxyContin creators Purdue Pharma and the Sackler family have reached a $6 billion settlement over their roles in the ongoing opioid crisis plaguing the country. The announcement comes following an earlier deal made with Purdue, headquartered in Stamford, Connecticut, that was ultimately appealed by eight states and the District of Columbia until the Sacklers kicked in more cash to get the deal done. Earlier story - NY, Other States Reach $4.5B Settlement With Purdue Pharma Over Its Role In Opioid Epidemic The $6 billion will be paid out over the course of 18 years, with larger payments fro…

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by Zak Failla
Business
Stamford-Based Purdue Pharma Admits To Crimes, Facing Billions In Fines For Opioid Crisis Role Stamford-Based Purdue Pharma Admits To Crimes, Facing Billions In Fines For Opioid Crisis Role
Stamford-Based Purdue Pharma Admits To Crimes, Facing Billions In Fines For Opioid Crisis Role Purdue Pharma, the maker of OxyContin, has agreed to pay billions of dollars in fines and will plead guilty to federal criminal charges for its role in the nation’s opioid crisis. The Fairfield County-based Connecticut company agreed to plead guilty in federal court in New Jersey to a three-count indictment that includes one count of dual-object conspiracy to defraud the United States and to violate the Food, Drug, and Cosmetic Act, and two counts of conspiracy to violate the Federal Anti-Kickback Statute. As part of the agreement, Purdue Pharma, whose headquarters is in Stamford, will…

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by Zak Failla
Business
CNN 'New Day' Co-Host Leads Women's Business Council Fireside Chat In Greenwich CNN 'New Day' Co-Host Leads Women's Business Council Fireside Chat In Greenwich
CNN 'New Day' Co-Host Leads Women's Business Council Fireside Chat In Greenwich CNN anchor and bestselling author Alisyn Camerota of Westport has agreed to lead a fireside chat at the Women's Business Development Council's Annual Gala.  Alisyn Camerota, CNN “New Day” co-host will serve as a moderator during the Friday, Oct. 12 Women Rising 2018 Gala in Greenwich. The Women’s Business Development Council, a not-for-profit organization providing the training, education and borrowing power for women to launch and grow their own businesses, will hold its annual gala luncheon at the Hyatt Regency Greenwich, 1800 East Putnam Ave. in Old Greenwich. The event will gather toge…

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by Jon Craig
News
Man Faces Felony After Dropping 'Heroin Spoon' At Purdue Pharma In Stamford Man Faces Felony After Dropping 'Heroin Spoon' At Purdue Pharma In Stamford
Man Faces Felony After Dropping 'Heroin Spoon' At Purdue Pharma In Stamford A Stamford art gallery owner was arrested for depositing an 800-pound steel sculpture of a bent heroin spoon in front of Purdue Pharma, according to multiple sources. Fernando Luis Alvarez was arrested about an hour after "installing" the spoon at 8:30 a.m. Friday and charged with obstruction of free passage and interfering with police, a felony, in front of the 201 Tresser Blvd. corporate headquarters, reported the Hartford Courant. Alvarez, whose Bedford Street gallery is opening an exhibit on the opioid crisis Friday night, was arrested because the spoon blocked an automatic en…

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by Kathy Reakes
Business
CT-Based OxyContin Manufacturer Lays Off Half Of Its Sales Staff CT-Based OxyContin Manufacturer Lays Off Half Of Its Sales Staff
Ct-based OxyContin Manufacturer Lays Off Half Of Its Sales Staff Purdue Pharma, the Stamford drug manufacturer that created the highly addictive painkiller OxyContin has laid off half of its 400-member sales team and will no longer promote the prescription drug to doctors. The news, announced with a flurry full-page ads by the drug company in the country’s largest newspapers, according to this report in The Hartford Courant, is part of a corporate campaign by Purdue to preserve the drug’s brand and its own, both of which are being blamed in part for the country’s spiraling opioid crisis. Last week, Westchester County filed a lawsuit against more than 30 o…

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by Jon Craig