Financial Daily Dose 10.22.2020 | Top Story: OxyContin-maker Purdue Pharma to Plead Guilty, Pay $8.3B for Role in Opioid Crisis
By EsqSocial Corporation 22/10/20
The Justice Department on Wednesday announced an $8.3 billion settlement with Purdue Pharma as part of a deal in which the company will plead guilty to criminal charges “related to its marketing of the addictive painkiller” OxyContin. Purdue’s owners, the Sackler family, will pay a separate $225 million civil penalty. Notably, the settlement “does not end all of the extensive litigation against Purdue, but it does represent significant advance in the long legal march by states, tribes, cities...
By: Robins Kaplan LLP