Tag:

Opioid Epidemic

Purdue Pharma Files New $7.4B Bankruptcy Plan: How Opioid Victims, Families Could Benefit Purdue Pharma Files New $7.4B Bankruptcy Plan: How Opioid Victims, Families Could Benefit
Purdue Pharma Files New $7.4B Bankruptcy Plan: How Opioid Victims, Families Could Benefit Purdue Pharma has filed a new bankruptcy plan that will distribute more than $7.4 billion to compensate opioid epidemic victims and fund addiction treatment programs. The Stamford, Connecticut-based company submitted the plan to the US Bankruptcy Court for the Southern District of New York, Purdue said in a news release on Wednesday, Mar. 19. The reorganization increases the Sackler family's payout by $1 billion from a previous deal. The plan will dissolve Purdue and transfer its assets to a new public benefit company focused on opioid crisis abatement. The Sacklers, who have…
257 Pounds Of Illegal Opium Poppy Pods Seized At Dulles Airport: CBP 257 Pounds Of Illegal Opium Poppy Pods Seized At Dulles Airport: CBP
257 Pounds Of Illegal Opium Poppy Pods Seized At Dulles Airport: CBP It may be harvest season in Spain, but US Customs and Border Protection officers made sure a massive shipment of illegal goods never took root in the US. CBP officials announced that officers at Washington Dulles International Airport intercepted more than 250 pounds of opium poppy pods that arrived last week in 81 separate air cargo shipments from Madrid, Spain. Disguised as “ornamental decora craft balls,” the poppy pods—often used to make highly addictive and dangerous “poppy tea”—were headed to multiple addresses across the country. On Friday, Feb. 21, CBP officers seized 35 parcels o…
Purdue Pharma To Pay $7B+ In Historic Opioid Settlement: 'A Symbol Of Greed' Purdue Pharma To Pay $7B+ In Historic Opioid Settlement: 'A Symbol Of Greed'
Purdue Pharma To Pay $7B+ In Historic Opioid Settlement: 'A Symbol Of Greed' Purdue Pharma will pay more than $7 billion for the corporation's role in fueling the opioid epidemic that has killed hundreds of thousands of Americans. The Sackler family and Purdue Pharma reached a $7.4 billion settlement with attorneys general from 15 states on Thursday, Jan. 23. The Sacklers have owned the company headquartered in Stamford, Connecticut, for decades. The settlement includes $6.5 billion from the Sackler family, with $1.5 billion to be paid immediately, and nearly $900 million from Purdue Pharma. Funds will be distributed to states, local governments, and victims ov…