Oct 21 Watch 5:01 News Wrap: Purdue Pharma pleads guilty to federal charges In our news wrap Wednesday, pharmaceutical giant Purdue Pharma is pleading guilty to federal charges of conspiracy and paying kickbacks to doctors amid the national opioid epidemic. The move involves the painkiller OxyContin and comes as part of an $8… Continue watching
Oct 21 Justice Department says OxyContin maker will plead guilty to 3 criminal charges By Michael Balsamo, Geoff Mulvihill, Associated Press Justice Department officials tell The Associated Press that Purdue Pharma, the company that makes OxyContin, will plead guilty to three federal criminal charges as part of a settlement of more than $8 billion. Continue reading
Jan 24 Opioid victims can begin filing claims against Purdue Pharma By Geoff Mulvihill, Associated Press The federal judge overseeing the bankruptcy case of OxyContin maker Purdue Pharma set a June 30 deadline to file claims against the company. Continue reading
Dec 17 Watch 6:12 Mass. attorney general on ‘outrageous’ Purdue Pharma settlement offer Newly released court documents reveal that the family behind Purdue Pharmaceuticals, maker of highly addictive painkiller OxyContin, withdrew over $10 billion from the company as the opioid epidemic grew worse. The developments are increasing scrutiny of the Sackler family and… Continue watching
Dec 17 11 senators ask Purdue Pharma not to give CEO a bonus By Associated Press The letter comes as OxyContin maker Purdue Pharma goes through bankruptcy and tries to settle 2,700 lawsuits over the opioid crisis… Continue reading
Oct 21 Watch 7:43 What does a $260 million settlement suggest for future opioid drug cases? Monday was supposed to be the start of a landmark trial against drug companies and distributors. But before arguments could start, several companies announced a $260 million settlement with two Ohio counties. With lawsuits still pending from thousands of communities,… Continue watching
Sep 16 Watch 5:26 News Wrap: Purdue Pharma files for federal bankruptcy protection In our news wrap Monday, besieged drugmaker Purdue Pharma has filed for federal bankruptcy protection. The move was part of a plan by the manufacturer of OxyContin to settle thousands of lawsuits stemming from the opioid crisis. Also, after more… Continue watching
Sep 16 Why bankruptcy might not get opioid-maker Purdue Pharma off the hook By Geoff Mulvihill, Associated Press Some states have made it clear they intend to continue their lawsuits against members of the Sackler family in state courts. Continue reading
Sep 16 Purdue Pharma files for bankruptcy as part of opioids settlement By Geoff Mulvihill, Associated Press The bankruptcy filing was anticipated before and after a tentative settlement deal, which could be worth up to $12 billion over time, was struck. Continue reading
Sep 14 NY finds $1B in hidden transfers by family behind OxyContin By Adam Geller, Associated Press The family that owns OxyContin maker Purdue Pharma used Swiss and other hidden accounts to transfer $1 billion to themselves, New York's attorney general contends in court papers filed Friday. Continue reading