Purdue Pharma

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Judge Approves Settlement That Shields Sacklers

Purdue Pharma owners will be protected from future lawsuits over opioids

(Newser) - 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

He says Sackler family won't settle unless they are freed from opioid lawsuits

(Newser) - 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

$10B plan calls for turning the pharmaceutical giant into a new company

(Newser) - 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
Sacklers Infuriate Lawmakers

Sacklers Infuriate Lawmakers

Family behind Purdue Pharma has no regrets over opioid crisis

(Newser) - 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...

OxyContin Maker Pleads Guilty to 3 Criminal Charges

Company admits role in opioid epidemic

(Newser) - 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...

Inside Purdue Pharma's $8B Settlement With the Feds
It Makes OxyContin. Now It's
Made a Deal With the Feds
the rundown

It Makes OxyContin. Now It's Made a Deal With the Feds

Inside the $8.3B Purdue Pharma settlement

(Newser) - 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....

Sacklers Withdrew Billions Amid Opioid Scrutiny

Audit raises new questions about whether $3B settlement offer by Purdue Pharma is enough

(Newser) - A new audit related to the Sackler family's vast wealth shows that family members withdrew more than $10 billion from their pharmaceutical company as the scope of the nation's opioid crisis became clearer, reports the New York Times . The AP notes this contrast: From 1995 through 2007, the...

Purdue Affiliate Accused of Selling 'Deeply Cynical' Drug

Or is Mundipharma selling a much-needed cure?

(Newser) - As Purdue Pharma buckles under a mountain of litigation and public protest in the United States, its foreign affiliate, Mundipharma, has expanded abroad, using some of the same tactics to sell the addictive opioids that made its owners, the Sackler family, among the richest in the world. Mundipharma is...

Victims Weren't in the Room When Opioid Maker Settled

But now 4 of them will play a role in Purdue Pharma's bankruptcy

(Newser) - 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...

Top Colleges Kept Taking Sacklers' Money

At least nine schools accepted donations in the past two years

(Newser) - Prestigious universities around the world have accepted at least $60 million over the past five years from the family that owns the maker of OxyContin, even as the company became embroiled in lawsuits related to the opioid epidemic, financial records show. Some of the donations arrived before recent lawsuits blaming...

Judge Keeps Purdue Pharma in Business During Cases

Settlement figures on the OxyContin maker remaining viable

(Newser) - A judge cleared the way Tuesday for OxyContin maker Purdue Pharma to stay in business while it pursues bankruptcy protection and settlement of more than 2,600 lawsuits filed against it in a reckoning over the opioid crisis. At the first hearing since the Chapter 11 filing Sunday, Purdue secured...

Purdue Pharma Files for Bankruptcy
Purdue Pharma
Files for Bankruptcy

Purdue Pharma Files for Bankruptcy

But OxyContin maker's legal battles are far from over

(Newser) - 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

Transfers boost suspicions that owners of OxyContin maker Purdue tried to shield wealth

(Newser) - 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

OxyContin maker reaches tentative settlement with some of the states, governments suing

(Newser) - 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...

Report: OxyContin Maker in Talks to Settle State Lawsuits

Source say Purdue has offered up to $12B

(Newser) - 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...

Arizona Has Interesting Idea in Fight Against Opioids

State files lawsuit against Sackler family directly with the Supreme Court

(Newser) - The latest lawsuit filed against the Sackler family, billionaire owners of OxyContin maker Purdue Pharma, is being called "novel" and "audacious" by the New York Times and "highly unusual" by the Hill —because it was filed directly with the highest court in the land. Arizona is...

Louvre Covers Sackler Family Name With Tape

It's first major institution to remove the name

(Newser) - France's Louvre Museum in Paris has become the first major institution to remove the Sackler family name after protests erupted against the family that is blamed for the deadly opioid crisis in the US. At the Louvre's Oriental Antiquities gallery, an AP photographer late Wednesday saw tape covering...

For Lawyers in Landmark Opioid Trial, It's Personal
Landmark Opioid Trial 
Hinges on a Legal Term
the rundown

Landmark Opioid Trial Hinges on a Legal Term

What is a 'public nuisance'?

(Newser) - A landmark trial got underway Tuesday in Oklahoma—the first big test of whether a state can hold drug manufacturers responsible for the opioid crisis, reports the Wall Street Journal . In opening arguments, Attorney General Mike Hunter said these painkillers have led to the "worst manmade public health crisis"...

For OxyContin Maker: $270M Settlement, Potential Bankruptcy

Purdue Pharma settles suit with Oklahoma for $270M

(Newser) - 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...

OxyContin Exec Boasted of 'Blizzard of Prescriptions'

Sackler accused of misleading public about dangers of addiction

(Newser) - 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...

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