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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
News
NY, Other States Reach $4.5B Settlement With Purdue Pharma Over Its Role In Opioid Epidemic NY, Other States Reach $4.5B Settlement With Purdue Pharma Over Its Role In Opioid Epidemic
NY, Other States Reach $4.5B Settlement With Purdue Pharma Over Its Role In Opioid Epidemic New York is joining several other states in winning a multi-billion dollar settlement - one of the largest in the country’s history - with Purdue Pharma for its role in the opioid epidemic that has plagued the US for years. Gov. Andrew Cuomo announced a $4.5 billion settlement with the pharmaceutical company that will put them out of business after falsely marketing its products to get Americans hooked on opioids. The owners of Purdue Pharma, the Sackler family, will pay out a total of $4.325 billion over the next nine years, with New York State receiving approximately $200 million. Cuomo …

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by Zak Failla
Business
Purdue Pharma Admits To Crimes, Facing Billions In Fines For Opioid Crisis Purdue Pharma Admits To Crimes, Facing Billions In Fines For Opioid Crisis
Purdue Pharma Admits To Crimes, Facing Billions In Fines For Opioid Crisis 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
Politics
New NY Attorney General Gaining Attention As Powerful New Trump Rival New NY Attorney General Gaining Attention As Powerful New Trump Rival
New NY Attorney General Gaining Attention As Powerful New Trump Rival New York Attorney General Letitia James has been turning as she continues to take the fight to President Donald Trump and his administration. Just months into her first term as Attorney General, James, a Democrat, has “emerged as one of the most aggressive and ambitious litigators in the country,” according to The Hill, citing several lawsuits she has filed against the commander-in-chief. Since taking office, James has launched investigations and probes into Purdue Pharma, the Sackler family, the NRA, and other special interests. She has also taken steps to ascertain Trump’s bank records an…

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by Zak Failla