purdue
Washington (AFP) - The US Supreme Court appeared divided on Monday as it heard a challenge to Purdue Pharma's $6 billion opioids settlement immunizing the Sackler family that controlled the drugmaker from future litigation. The Justice Department is arguing that the Sacklers, who earned tens of billions of dollars flooding the country with highly addictive opioids, should not gain sweeping legal protection in the controversial deal. Last year's agreement, which came after years of negotiations involving officials from all 50 US states, set aside $6 billion from the 2019 bankruptcy of Purdue, w...
AFP
Washington (AFP) - The US Supreme Court is to hear a challenge on Monday to Purdue Pharma's $6 billion opioids settlement immunizing the family that controlled the drugmaker from future litigation. The Justice Department is arguing that members of the Sackler family, who earned tens of billions of dollars flooding the country with highly addictive opioids, should not legally gain sweeping protection in the deal. Last year's settlement, which came after years of negotiations involving legal officials from all 50 US states, set aside $6 billion from the bankruptcy of Purdue, which made prescript...
AFP
Washington (AFP) - US drugmaker Purdue Pharma filed a new bankruptcy plan that would see its founders pay an additional $1.5 billion to settle the company's role in the devastating opioid crisis. The offer made in a restructuring plan filed late on Monday was rejected by two dozen state attorneys general, who said it falls short. "We are disappointed in this plan. While it contains improvements over the proposal that Purdue announced and we rejected in September 2019, it falls short of the accountability that families and survivors deserve," the state officials said in a joint statement. Purdu...
AFP
Washington (AFP) - US drugmaker Purdue Pharma pleaded guilty to three criminal charges over its intense drive to push sales of the prescription opioid OxyContin, which stoked a nationwide addiction crisis, the Justice Department announced Wednesday.Purdue also agreed to $8.3 billion in fines, damages and forfeitures to settle the criminal case against it, the department said.In a separate agreement, the billionaire Sackler family, which built Purdue to a pharmaceutical giant on the back of lucrative sales of OxyContin, agreed to pay $225 million to resolve civil liability charges filed by the ...
AFP
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