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Business
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…

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by Chris Spiker
News
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…

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by Chris Spiker
Police & Fire
Clifton Orthopedic Surgeon Illegally Dispensed Oxy: Feds Clifton Orthopedic Surgeon Illegally Dispensed Oxy: Feds
Clifton Orthopedic Surgeon Illegally Dispensed Oxy: Feds A 72-year-old orthopedic surgeon in Clifton recently pleaded guilty to illegally prescribing pain pills to patients, authorities said. Evangelos Megariotis, who worked at Clifton Orthopedic Associates according to his Linkedin, admitted to unlawfully dispensing Oxycodone, Oxycontin and Oxycodone-Acetaminophen to five patients, US Attorney Philip Sellinger said. Megariotis dispenses the prescriptions from March 2017 to November 2017, Sellinger said. He faces a maximum sentence of 20 years in prison and a $1 million fine when he is sentenced in October, Sellinger said. Megariotis f…

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by Sam Barron