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Opioid Epidemic

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 $7.4B In Historic Opioid Settlement: How Much Will NY Get? Purdue Pharma To Pay $7.4B In Historic Opioid Settlement: How Much Will NY Get?
Purdue Pharma To Pay $7.4B In Historic Opioid Settlement: How Much Will NY Get? 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
Search Warrant Yields Cocaine, Fentanyl, Charges For Hudson Valley Suspect Search Warrant Yields Cocaine, Fentanyl, Charges For Hudson Valley Suspect
Search Warrant Yields Cocaine, Fentanyl, Charges For Hudson Valley Suspect A Hudson Valley man is facing drug charges after a months-long investigation into narcotics sales. Richard Fernandez, age 40, was arrested on Wednesday, Nov. 20, following a five-month investigation by the Rockland County District Attorney’s Office Drug Task Force. Investigators executed a court-authorized search warrant at a residence in Pomona, recovering cocaine, fentanyl pills, and other pharmaceutical drugs during the search. Fernandez has been charged with: Criminal sale of a controlled substance in the third degree; Four counts of criminal possession of a controlled substance in t…

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by Joe Lombardi