Purdue Pharma, the maker of OxyContin, is set to be dissolved and replaced by a company focused on the public good by the week’s end, as a massive legal settlement resolving thousands of lawsuits takes effect. It’s a long-awaited decision for thousands of families impacted by the opioid crisis, which
Purdue Pharma, the maker of OxyContin, is set to be dissolved and replaced by a company focused on the public good by the week’s end, as a massive legal settlement resolving thousands of lawsuits takes effect. It’s a long-awaited decision for thousands of families impacted by the opioid crisis, which has been linked to an estimated 900,000-plus deaths since 1999. The sentence The guilty plea and civil settlement with the federal government included $8.3 billion in forfeitures, fines and penalties. But the federal government agreed in a negotiated settlement to collect just $225 million in exchange for Purdue reaching a separate settlement on the thousands of lawsuits it faced from state, local and Native American tribal governments, along with other groups. Purdue’s guilty plea did not include restitution to victims. After years of
