Purdue Pharma Sentenced, Faces Dissolution in Opioid Case
Purdue Pharma has been criminally sentenced for its role in the US opioid crisis, with a judge approving its dissolution and requiring billions in payments. This sentencing paves the way for a broader opioid settlement.
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Purdue Pharma to pay more than $8bn to end US opioid case
Resolution will allow billions of dollars to flow to US cities and states that have been hit by the epidemic
Read full article →Purdue Pharma to be dissolved as judge approves criminal sentence in opioid case
OxyContin maker to be replaced by new company aiming to combat opioid crisis as legal settlement takes effect OxyContin maker Purdue Pharma is set to be dissolved and replaced by a company focused on the public good by the week’s end, as a sweeping legal settlement resolving thousands of lawsuits takes effect. A federal judge on Tuesday delivered a criminal sentence to the company to resolve a US Department of Justice investigation – a last necessary step to clear the way for the settlement. ...
By Associated Press
Read full article →Purdue Pharma receives $5.5 billion sentence, paving way for opioid settlement
Purdue Pharma was sentenced Tuesday to $5.5 billion in fines and penalties on charges of deceiving regulators and paying doctors to boost opioid sales.
Read full article →Purdue Pharma sentenced ahead of bankruptcy
A US federal judge criminally sentenced OxyContin-maker Purdue Pharma over its role in the opioid crisis, ahead of upcoming bankruptcy proceedings and its dissolution.
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