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Stories 1 - 20 |
Supreme Court Freezes Deal
That Protects Sackler Family
Aug 10, 2023 6:50 PM CDT
Supreme Court Freezes Deal That Protects Sackler Family
Justices agree to hear arguments on bankrupty deal that shields Sacklers
- The Supreme Court on Thursday temporarily blocked a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family who own the company from civil lawsuits over the toll of opioids. The justices agreed to a request from the Biden administration to put the brakes on...
British Museum to Pull 'Sackler'
Mar 26, 2022 12:05 PM CDT
British Museum to Pull 'Sackler'
Officials say they reached agreement with the Purdue Pharma family's foundation
- The British Museum will remove the Sackler name from galleries, rooms, and endowments following global outrage over the role the family played in the opioid crisis. The museum is the latest cultural institution to cut ties with the Sacklers. The Sackler name has been removed in recent years from wings...
Victims Deal With
Mar 12, 2022 1:55 PM CST
Victims Deal With Emotions After Facing Sacklers
Purdue owners had to sit through family statements
- After telling the Sacklers how they and family members had suffered from or lost relatives to opioid addiction, some of the roughly two dozen people who made court statements Thursday were left to deal with the emotions and assess the value of the confrontations. Some who spoke emerged exhausted, others...
Judge Approves Settlement
That Shields Sacklers
Sep 1, 2021 5:55 PM CDT
Judge Approves Settlement That Shields Sacklers
Purdue Pharma owners will be protected from future lawsuits over opioids
- A federal bankruptcy judge gave conditional approval Wednesday to a sweeping, potentially $10 billion plan submitted by OxyContin maker Purdue Pharma to settle a mountain of lawsuits over its role in the opioid crisis that has killed a half-million Americans over the past two decades. Under the settlement, the Sackler...
Purdue Pharma Heir
Makes a Big Demand
Aug 17, 2021 6:05 PM CDT
Purdue Pharma Heir Makes a Big Demand
He says Sackler family won't settle unless they are freed from opioid lawsuits
- Members of the family that owns OxyContin maker Purdue Pharma won’t contribute billions of dollars to a legal settlement unless they get off the hook for all current and future lawsuits over the company’s activities, one of them told a court Tuesday in a rare public appearance. David...
Many Have Lukewarm Reaction
to OxyContin Maker's Offer
Mar 17, 2021 12:02 PM CDT
Many Have Lukewarm Reaction to OxyContin Maker's Offer
$10B plan calls for turning the pharmaceutical giant into a new company
- Some state attorneys general and opioid addiction activists pushed back Tuesday against a settlement offer from OxyContin maker Purdue Pharma, saying it didn't include enough money and goes too far in protecting the company and family members who own it from future liability. A group of nearly half the...
Sacklers Infuriate Lawmakers
Dec 17, 2020 4:38 PM CST
Sacklers Infuriate Lawmakers
Family behind Purdue Pharma has no regrets over opioid crisis
- The opioid epidemic has killed more than 400,000 Americans, according to the Centers for Disease Control and Prevention. Prescription opioids including Oxycontin, which Purdue Pharma put on the market about 25 years ago, caused about 230,000 of the deaths. The company's marketing pitched the pills to doctors...
Pleads Guilty to
3 Criminal Charges
Nov 24, 2020 2:34 PM CST
OxyContin Maker Pleads Guilty to 3 Criminal Charges
Company admits role in opioid epidemic
- Purdue Pharma pleaded guilty Tuesday to three criminal charges, formally taking responsibility for its part in an opioid epidemic that has contributed to hundreds of thousands of deaths but also angering critics who want to see individuals held accountable, in addition to the company. In a virtual hearing with a...
It Makes OxyContin. Now It's
Made a Deal With the Feds
Oct 21, 2020 12:20 PM CDT
It Makes OxyContin. Now It's Made a Deal With the Feds
Inside the $8.3B Purdue Pharma settlement
- OxyContin maker Purdue Pharma will plead guilty to three federal criminal charges, the Justice Department said Wednesday in announcing an $8.3 billion deal that settles the federal investigation of how the company marketed opioids, Politico reports. Those charges include conspiracy to defraud the US and violating federal anti-kickback laws....
in the Room
Oct 6, 2019 5:30 PM CDT
Victims Weren't in the Room When Opioid Maker Settled
But now 4 of them will play a role in Purdue Pharma's bankruptcy
- Victims of opioid addiction weren't in the room when OxyContin maker Purdue Pharma persuaded half the state attorneys general to settle claims over the company's role in the nationwide overdose epidemic, the AP reports. Now that Purdue is in federal bankruptcy court, four people whose lives were touched...
Files for Bankruptcy
Sep 16, 2019 12:50 AM CDT
Purdue Pharma Files for Bankruptcy
But OxyContin maker's legal battles are far from over
- Purdue Pharma, the company that made billions selling the prescription painkiller OxyContin, has filed for bankruptcy in White Plains, NY, days after reaching a tentative settlement with many of the state and local governments suing it over the toll of opioids. The filing was anticipated before and after the tentative...
New York AG Uncovers $1B
Wired by Sackler Family
Sep 14, 2019 5:30 AM CDT
New York AG Uncovers $1B Wired by Sackler Family
Transfers boost suspicions that owners of OxyContin maker Purdue tried to shield wealth
- 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. New York—asking a judge to enforce subpoenas of companies, banks, and advisers to Purdue and its owners, the...
Tentative Deal Reached
in Purdue Pharma Lawsuits
Sep 11, 2019 5:21 PM CDT
Tentative Deal Reached in Purdue Pharma Lawsuits
OxyContin maker reaches tentative settlement with some of the states, governments suing
- A tentative settlement announced Wednesday over the role Purdue Pharma played in the nation's opioid addiction crisis falls short of the far-reaching national settlement the OxyContin maker had been seeking for months, with litigation sure to continue against the company and the family that owns it. The agreement with...
Maker in Talks to Settle
Aug 28, 2019 1:14 AM CDT
Report: OxyContin Maker in Talks to Settle State Lawsuits
Source say Purdue has offered up to $12B
- State attorneys general and lawyers representing local governments said Tuesday they are in active settlement talks with Purdue Pharma, the maker of the prescription painkiller OxyContin that is facing billions of dollars in potential liability for its role in the nation's opioid crisis. Purdue has been cast by attorneys...
He Was a Boeing Engineer.
Then Came the Oxy Prescription
IN CASE YOU MISSED IT
Jun 30, 2019 7:11 AM CDT
He Was a Boeing Engineer. Then Came the Oxy Prescription
Anthony Hathaway ended up robbing banks to support his drug addiction
- For a while, Anthony Hathaway looked like a success story: As a 20-year-old with only a high school diploma, he went to work as a technical designer for Boeing in Everett, Washington. By 30, he was an engineer in the galley systems group pulling in more than $100,000 a...
For OxyContin Maker:
Mar 26, 2019 10:57 AM CDT
For OxyContin Maker: $270M Settlement, Potential Bankruptcy
Purdue Pharma settles suit with Oklahoma for $270M
- The maker of OxyContin has agreed to pay $270 million to resolve claims in Oklahoma that it helped fuel the opioid crisis and thereby contributed to thousands of overdose deaths, multiple news outlets are reporting. Oklahoma Attorney General Mike Hunter, who sued 13 opioid manufacturers for promoting opioids as safe...
Sackler Family Hears
Bad News All Week
Mar 22, 2019 1:31 PM CDT
Sackler Family Hears Bad News All Week
Lawsuit targets family who made a fortune on OxyContin as museums say 'no thanks'
- From the outside, it appears that life has been good—and fabulously profitable—for the Sackler family since the launch of OxyContin in 1995. The Sacklers, whose Purdue Pharma produces the drug, have made their philanthropic mark with well-publicized, large donations to universities and art galleries even as the opioid...
OxyContin Exec Boasted of
'Blizzard of Prescriptions'
Jan 16, 2019 7:35 AM CST
OxyContin Exec Boasted of 'Blizzard of Prescriptions'
Sackler accused of misleading public about dangers of addiction
- Some of the seeds of today's opioid crisis were sown at the 1995 launch party of OxyContin, where Purdue Pharma exec Richard Sackler promised "a blizzard of prescriptions that will bury the competition," according to a memo filed by Massachusetts Attorney General Maura Healey. She accuses Sackler...
a Point Outside
Jun 22, 2018 4:20 PM CDT
Artist Makes a Point Outside Drugmaker's Headquarters
Domenic Esposito tries to shame OxyContin maker Purdue Pharma with giant spoon
- An 800-pound, nearly 11-foot-long steel sculpture of a bent and burned drug spoon was placed Friday in front of the Connecticut headquarters of drugmaker Purdue Pharma as part of an art protest against the opioid crisis. Artist Domenic Esposito and art gallery owner Fernando Alvarez placed the sculpture at the...
OxyContin Maker Kept a Dark
Secret: Confidential Report
in case you missed it
Jun 2, 2018 6:30 AM CDT
OxyContin Maker Kept a Dark Secret: Confidential Report
Execs knew early that patients were abusing drug, says New York Times
- The company behind OxyContin may have a little secret—that it knew early on about people abusing its powerful painkilling drug and said nothing, the
New York Times
reports. Purdue Pharma executives received reports of "significant" abuse soon after Oxycontin's 1996 release, including people stealing and snorting the...
Stories 1 - 20 |
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