New York Attorney General Letitia James announced on Thursday that the Sackler family members, who own the OxyContin maker Purdue Pharma, reached a settlement to pay up to $7.4 billion "for their instrumental role in creating the opioid crisis."According to the new settlement, the Purdue...
Consulting company McKinsey & Co. agreed on Friday to pay $650 million to settle federal charges related to its role in the opioid crisis in the United States. The firm was accused of a conspiracy to defraud the government together with Purdue Pharma L.P. in misrepresenting painkillers, including...
The Supreme Court of the United States (SCOTUS) struck down on Thursday the settlement Purdue Pharma reached with various plaintiffs for its role in the opioid epidemic. According to the deal, the plaintiffs would receive around $6 billion and Purdue Pharma would go into bankruptcy, but the...
A federal judge overturned Purdue Pharma's offer to settle lawsuits raised over the company's role in the opioid crisis through marketing practices for its powerful painkiller OxyContin. Purdue stated afterward that it would appeal the ruling.
The company and its owners, the Sackler family, have...
A New York bankruptcy court gave on Wednesday its conditional approval to Purdue Pharma L.P.'s chapter 11 plan of reorganization. The company was accused of playing a part in the opioid epidemic in the United States and faced a large number of related lawsuits.
Purdue Pharma will be dissolved...
Purdue Pharma L.P. will plead guilty to three federal criminal charges in a settlement worth over $8 billion, The Associated Press reported on Wednesday citing Justice Department officials.
The company is expected to further admit to violating federal anti-kickback laws by paying doctors,...
Privately-held Purdue Pharma is offering between $10 billion and $12 billion in order to settle some 2,000 lawsuits raised over its role in the opioid epidemic, NBC reported on Tuesday. The lawsuits are brought by the states, cities and the counties in the United States and allege that Purdue and its...
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