Purdue Pharma LP pleaded guilty to three federal felonies related to the marketing and distribution of its powerful opioid painkiller OxyContin, ending the bankrupt company’s exposure to U.S. government action but leaving other liabilities to state and local governments looming. The guilty plea on Tuesday follows the approval last week by a U.S. bankruptcy court… Continue reading Purdue Pharma Pleads Guilty to Felonies Over OxyContin Sales
Tag: Purdue Pharma lawsuits
Purdue Pharma Reaches $8.34B Settlement Over Opioid Probes
The Justice Department reached an $8.34 billion settlement with OxyContin-maker Purdue Pharma LP, the agency said Wednesday, helping clear the way for the bankrupt drugmaker to turn over future profits to cities and states that accuse it of fueling the opioid crisis. The settlement resolves yearslong criminal and civil probes by federal prosecutors into Purdue’s… Continue reading Purdue Pharma Reaches $8.34B Settlement Over Opioid Probes