Purdue Pharma Reaches $8B Opioid Deal With Justice Department Over OxyContin Sales
4 years, 2 months ago

Purdue Pharma Reaches $8B Opioid Deal With Justice Department Over OxyContin Sales

NPR  

Purdue Pharma Reaches $8B Opioid Deal With Justice Department Over OxyContin Sales Enlarge this image toggle caption Drew Angerer/Getty Images Drew Angerer/Getty Images Updated at 12:14 p.m. ET The Justice Department announced on Wednesday a global settlement of civil and criminal investigations into Purdue Pharma's aggressive marketing of opioid medications, including OxyContin. However, Justice Department officials said this deal doesn't preclude future criminal prosecutions of individuals involved in Purdue Pharma's opioid marketing practices. Nearly three dozen Democratic members of Congress also sent a letter to Barr last week insisting any resolution of Purdue Pharma's role in the opioid crisis result in prison time for company owners and executives.

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Consulting firm McKinsey to pay $650 million to resolve US criminal opioid probe
Trending News
1 week, 4 days ago

Consulting firm McKinsey to pay $650 million to resolve US criminal opioid probe

CNN  

McKinsey & Co has agreed to pay $650 million to resolve a US Department of Justice investigation into the consulting firm’s work advising opioid manufacturer OxyContin maker Purdue Pharma on how to boost sales. “We are deeply sorry for our past client service to Purdue Pharma and the actions of a former partner who deleted documents related to his work …

McKinsey & Company agrees to pay $650 million for helping Purdue Pharma boost opioid sales
1 week, 4 days ago

McKinsey & Company agrees to pay $650 million for helping Purdue Pharma boost opioid sales

India Today  

WASHINGTON: McKinsey & Company consulting firm has agreed to pay $650 million to settle a federal investigation into its work to help opioids manufacturer Purdue Pharma boost the sales of the highly addictive drug OxyContin, according to court papers filed in Virginia on Friday. “This terrible public health crisis and our past work for opioid manufacturers will always be a …

McKinsey to pay $650m to settle US opioid consulting probe
1 week, 4 days ago

McKinsey to pay $650m to settle US opioid consulting probe

Al Jazeera  

Prosecutors say McKinsey provided Purdue advice on measures it could take to ‘turbocharge’ OxyContin sales. Consulting firm McKinsey & Company has agreed to pay $650m to resolve a United States Department of Justice investigation into the consulting firm’s work advising opioid manufacturer Purdue Pharma on how to boost OxyContin sales. “We are deeply sorry for our past client service to …

McKinsey & Company to pay $650 million for role in opioid crisis
1 week, 4 days ago

McKinsey & Company to pay $650 million for role in opioid crisis

NPR  

McKinsey & Company to pay $650 million for role in opioid crisis Drew Angerer/Getty Images; Fabrice Coffrini/AFP via Getty Images; Charles Krupa/AP Photo/AFP The global consulting firm McKinsey and Company Friday agreed to pay $650 million to settle a federal probe into its role in helping "turbocharge" sales of the highly addictive opioid painkiller OxyContin for Purdue Pharma, the U.S. …

California finalizes $122 million opioid settlement with grocery giant Kroger
1 month, 2 weeks ago

California finalizes $122 million opioid settlement with grocery giant Kroger

LA Times  

California will receive $122 million in a settlement agreement with Kroger, the grocery chain and parent company of Ralphs, to resolve lawsuits over its alleged role in the opioid crisis and how its pharmacies dispensed prescription painkillers to customers. The settlement agreement calls for the company to pay $1.2 billion to state and local governments and $36 million to Native …

Supreme Court shreds $6 billion opioid settlement plan in ruling against Sackler family
5 months, 3 weeks ago

Supreme Court shreds $6 billion opioid settlement plan in ruling against Sackler family

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} The …

US Supreme Court blocks bankruptcy settlement with OxyContin maker Purdue Pharma
5 months, 3 weeks ago

US Supreme Court blocks bankruptcy settlement with OxyContin maker Purdue Pharma

Hindustan Times  

The U.S. Supreme Court on Thursday blocked OxyContin maker Purdue Pharma's bankruptcy settlement that would have shielded its wealthy Sackler family owners from lawsuits over their role in the nation's deadly opioid epidemic. The Supreme Court on Thursday, June 27, 2024, rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have shielded members of the Sackler family who …

US Supreme Court rejects opioid settlement that shields Sackler family
5 months, 3 weeks ago

US Supreme Court rejects opioid settlement that shields Sackler family

Al Jazeera  

Decision reverses a lower court’s ruling that had upheld plan to give Purdue Pharma’s owners immunity in exchange for paying up to $6bn to settle thousands of lawsuits. The US Supreme Court has blocked OxyContin maker Purdue Pharma’s bankruptcy settlement, which would have shielded its wealthy Sackler family owners from lawsuits over their role in the deadly opioid epidemic in …

OxyContin marketer, opioid maker announce settlements totaling $500 million
10 months, 3 weeks ago

OxyContin marketer, opioid maker announce settlements totaling $500 million

Associated Press  

An advertising agency that helped develop marketing campaigns for OxyContin and other prescription painkillers and a drugmaker announced separate agreements Thursday worth a total of $500 million to avoid going to trial on claims that they bore some responsibility for the nation’s opioid crisis. The office of New York Attorney General Letitia James, who led negotiations with the company, said …

The Supreme Court wrestles with OxyContin maker’s bankruptcy deal, with billions of dollars at stake
1 year ago

The Supreme Court wrestles with OxyContin maker’s bankruptcy deal, with billions of dollars at stake

Associated Press  

WASHINGTON — The Supreme Court on Monday wrestled with 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 Sacklers didn’t come anywhere close to doing that.” Arguments lasted nearly two hours in a packed courtroom, its doors draped in black …

OxyContin maker’s settlement plan divides victims of opioid crisis. Now it’s up to the Supreme Court
1 year, 1 month ago

OxyContin maker’s settlement plan divides victims of opioid crisis. Now it’s up to the Supreme Court

Associated Press  

WASHINGTON — The agreement by the maker of OxyContin to settle thousands of lawsuits over the harm done by opioids could help combat the overdose epidemic that the painkiller helped spark. In exchange for giving up ownership of drug manufacturer Purdue Pharma and for contributing up to $6 billion to fight the crisis, members of the wealthy Sackler family would …

US pharmacy companies reach $10bn settlement over opioid claims
2 years, 1 month ago

US pharmacy companies reach $10bn settlement over opioid claims

Al Jazeera  

The deals mean CVS and Walgreens will pay more than $10bn for their roles in the opioid crisis that continues to claim thousands of lives in US. Two US pharmacy chains have reached a tentative settlement over lawsuits brought by state, local, and tribal governments accusing the companies of contributing to the opioid crisis through irresponsible practices. CVS Health and …

Judge to decide how much pharmacies owe over opioid crisis
2 years, 7 months ago

Judge to decide how much pharmacies owe over opioid crisis

Associated Press  

CLEVELAND — A hearing has begun in federal court in Cleveland for a judge to determine how much CVS, Walgreens and Walmart pharmacies should pay two Ohio counties to help them ease the ongoing costs and problems caused by the opioid crisis. Drug overdose deaths increased since 2015 because of synthetic opioids like fentanyl in the two counties, Keyes said, …

Purdue Pharma, US states agree to new opioid settlement
2 years, 9 months ago

Purdue Pharma, US states agree to new opioid settlement

Associated Press  

Purdue Pharma reached a nationwide settlement Thursday over its role in the opioid crisis, with the Sackler family members who own the company boosting their cash contribution to as much as $6 billion in a deal intended to staunch a flood of lawsuits facing the maker of OxyContin. “While the families have acted lawfully in all respects, they sincerely regret …

Purdue Pharma’s Sacklers reach $6BN opioid deal with US states
2 years, 9 months ago

Purdue Pharma’s Sacklers reach $6BN opioid deal with US states

Al Jazeera  

The deal eases Purdue Pharma’s path towards resolving trillions of dollars in claims and gives the Sackler family broad immunity from future opioid lawsuits in the United States. Members of the billionaire Sackler family that own Purdue Pharma LP have agreed to a bigger opioid settlement with the handful of states that worked to overturn its prior deal. The agreement …

Purdue Pharma, U.S. states agree to new opioid settlement
2 years, 9 months ago

Purdue Pharma, U.S. states agree to new opioid settlement

LA Times  

OxyContin maker Purdue Pharma reached a settlement Thursday over its role in the nation’s deadly opioid crisis that includes U.S. states and thousands of local governments, with the Sackler family members who own the company boosting their cash contribution to as much as $6 billion. While the families have acted lawfully in all respects, they sincerely regret that OxyContin, a …

4 U.S. companies will pay $26 billion to settle claims they fueled the opioid crisis
2 years, 9 months ago

4 U.S. companies will pay $26 billion to settle claims they fueled the opioid crisis

NPR  

4 U.S. companies will pay $26 billion to settle claims they fueled the opioid crisis Enlarge this image toggle caption Keith Srakocic/AP file photo Keith Srakocic/AP file photo Four of the largest U.S. corporations have agreed to pay roughly $26 billion to settle a tsunami of lawsuits linked to claims that their business practices helped fuel the deadly opioid crisis. …

The US opioid epidemic, edition 2021
2 years, 11 months ago

The US opioid epidemic, edition 2021

Al Jazeera  

Those responsible for the opioid-related deaths of hundreds of thousands of Americans are yet to be held accountable. That’s Why They’re Deadly in Tough Times”, explains that such drugs “mimic the neurotransmitters that are responsible for making social connection comforting – tying parent to child, lover to beloved”. When confronted with this statistic at the time, then-US Ambassador to the …

Appeals are mounting in Purdue Pharma bankruptcy settlement
3 years, 2 months ago

Appeals are mounting in Purdue Pharma bankruptcy settlement

Associated Press  

Objections to a historic settlement with Purdue Pharma are mounting in the form of appeals, with Rhode Island’s attorney general saying Wednesday the plan doesn’t hold the OxyContin maker or its owners accountable for its role in sparking the opioid crisis. Rhode Island Attorney General Peter Neronha, a Democrat, said he doesn’t accept that the resolution between Purdue Pharma and …

Use of OxyContin profits to fight opioids formally approved
3 years, 3 months ago

Use of OxyContin profits to fight opioids formally approved

Associated Press  

A judge formally approved a plan Friday to turn OxyContin maker Purdue Pharma into a new company no longer owned by members of the Sackler family and with its profits going to fight the opioid epidemic. U.S. Bankruptcy Judge Robert Drain officially confirmed the reorganization Friday, more than two weeks after he announced he would do so pending two largely …

The DOJ Moves To Block The Purdue Pharma Bankruptcy Deal That Shields The Sacklers
3 years, 3 months ago

The DOJ Moves To Block The Purdue Pharma Bankruptcy Deal That Shields The Sacklers

NPR  

The DOJ Moves To Block The Purdue Pharma Bankruptcy Deal That Shields The Sacklers Enlarge this image toggle caption Victor J. Blue/Bloomberg/Getty Images Victor J. Blue/Bloomberg/Getty Images A division of the Justice Department that serves as a watchdog over the federal bankruptcy system filed an appeal late Wednesday seeking to block the controversial Purdue Pharma bankruptcy plan. But throughout a …

US drug companies say $26bn opioid settlement will proceed
3 years, 3 months ago

US drug companies say $26bn opioid settlement will proceed

Al Jazeera  

Companies say ‘enough’ US states joined a settlement resolving claims they fuelled the opioid epidemic, allowing it to move ahead. Three large US drug distributors and drugmaker Johnson & Johnson will proceed with a proposed $26bn settlement resolving claims that they fuelled the opioid epidemic after “enough” states joined in, the companies said. The companies had until Saturday to decide …

Deal with OxyContin maker leaves families angry, conflicted
3 years, 3 months ago

Deal with OxyContin maker leaves families angry, conflicted

Associated Press  

Among the families who lost children and other loved ones in the nation’s opioid crisis, many had held out hope of someday facing OxyContin maker Purdue Pharma and its owners in a courtroom. “I would love to make them watch a video of him going through withdrawals, the pain, the vomiting, him begging us to kill him.” The settlement came …

The Sacklers, Who Made Billions From OxyContin, Win Immunity From Opioid Lawsuits
3 years, 3 months ago

The Sacklers, Who Made Billions From OxyContin, Win Immunity From Opioid Lawsuits

NPR  

The Sacklers, Who Made Billions From OxyContin, Win Immunity From Opioid Lawsuits Enlarge this image toggle caption Brian Mann Brian Mann Members of the Sackler family who are at the center of the nation's deadly opioid crisis have won sweeping immunity from opioid lawsuits linked to their privately owned company Purdue Pharma and its OxyContin medication. Federal Judge Robert Drain …

Ex Purdue Pharma chief denies responsibility for US opioid crisis
3 years, 4 months ago

Ex Purdue Pharma chief denies responsibility for US opioid crisis

Al Jazeera  

Richard Sackler’s denial of responsibility for the opioid crisis comes a day after another Sackler family member said the group would not accept a settlement without guarantees of immunity from further legal action. For each, he gave a one-word answer: “No.” Richard Sackler’s denial of responsibility for the opioid crisis comes a day after another Sackler family member said the …

Sacklers won’t pay up in US opioid suit unless granted protection
3 years, 4 months ago

Sacklers won’t pay up in US opioid suit unless granted protection

Al Jazeera  

The family that owns OxyContin maker Purdue Pharma will not pay billions to a legal settlement unless they get protection from future lawsuits, a family heir told a court Tuesday. 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 …

US opioid lawsuits on verge of settlements with 4 companies
3 years, 5 months ago

US opioid lawsuits on verge of settlements with 4 companies

Associated Press  

The yearslong effort by state and local governments in the U.S. to force the pharmaceutical industry to help pay to fix a nationwide opioid addiction and overdose crisis took a major step forward Tuesday when lawyers for local governments announced they were on the verge of a $26 billion settlement with the nation’s three biggest drug distribution companies and the …

Major drug companies reach landmark $26bn US opioid settlement
3 years, 5 months ago

Major drug companies reach landmark $26bn US opioid settlement

Al Jazeera  

The deal is the second-largest cash settlement in United States history, trailing only the $246bn tobacco deal in 1998. A group of state attorneys general in the United States has unveiled a landmark $26bn settlement with major US drug companies accused of fuelling a deadly nationwide opioid epidemic, but some states were cool on the agreement. “There’s not enough money …

EXPLAINER: $26B opioid settlement big step, but not the end
3 years, 5 months ago

EXPLAINER: $26B opioid settlement big step, but not the end

Associated Press  

COLUMBUS, Ohio — A $26 billion settlement between the three biggest U.S. drug distribution companies and drugmaker Johnson & Johnson and thousands of states and municipalities that sued over the toll of the opioid crisis is certainly significant — but it is far from tying a neat bow on the tangle of still unresolved lawsuits surrounding the epidemic. In West …

U.S. opioid lawsuits on verge of settlements with 4 companies
3 years, 5 months ago

U.S. opioid lawsuits on verge of settlements with 4 companies

LA Times  

The three biggest U.S. drug distribution companies and the drugmaker Johnson & Johnson are on the verge of a $26-billion settlement covering thousands of lawsuits over the toll of opioids such as OxyContin. The years-long effort by state and local governments in the U.S. to force the pharmaceutical industry to help pay to fix a nationwide opioid addiction and overdose …

Op-Ed: Who is responsible for the opioid crisis, and who ultimately pays?
3 years, 5 months ago

Op-Ed: Who is responsible for the opioid crisis, and who ultimately pays?

LA Times  

Containers made to look like OxyContin prescription pill bottles in front of the Department of Health and Human Services as part of a 2019 protest against the government’s opioid prescription drug approval practices. Among the things that had mangled the lives of folks in the Bottoms was addiction to what everyone by then called “OC.” OC was an abbreviation for …

West Virginia opposes Purdue Pharma bankruptcy plan
3 years, 5 months ago

West Virginia opposes Purdue Pharma bankruptcy plan

Associated Press  

CHARLESTON, W.Va. — West Virginia Attorney General Patrick Morrisey said he will oppose OxyContin maker Purdue Pharma’s bankruptcy plan, arguing that his state, one of the hardest hit by the opioid epidemic, would get shorted in settlement money. “I remain vigorously opposed to a proposed allocation formula that would distribute settlement funds largely based on a state or local government’s …

AP Interview: State AG pushes accountability in opioid cases
3 years, 6 months ago

AP Interview: State AG pushes accountability in opioid cases

Associated Press  

Massachusetts Attorney General Maura Healey has been a leader in the legal push to hold companies and individuals accountable for the U.S. opioid addiction and overdose epidemic, which has been linked to nearly 500,000 deaths over the last two decades. Healey was the first of many state attorneys general to sue individual members of the Sackler family who own Connecticut-based …

24 States Mount Legal Fight To Block Sackler Bid For Opioid Immunity
3 years, 7 months ago

24 States Mount Legal Fight To Block Sackler Bid For Opioid Immunity

NPR  

24 States Mount Legal Fight To Block Sackler Bid For Opioid Immunity Enlarge this image toggle caption House Television via AP House Television via AP For months, members of the Sackler family that owns Purdue Pharma, the maker of Oxycontin, have portrayed their bid for immunity from future opioid lawsuits as a kind of fait accompli, a take-it-or-leave-it fix to …

McKinsey agrees to pay nearly $600M over opioid crisis
3 years, 10 months ago

McKinsey agrees to pay nearly $600M over opioid crisis

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The business consultant McKinsey & …

McKinsey to pay $573m over claims it fuelled US opioid crisis
3 years, 10 months ago

McKinsey to pay $573m over claims it fuelled US opioid crisis

Al Jazeera  

More than 400,000 Americans have died over the last two decades from opioid overdoses. McKinsey & Co. will pay $573 million to settle claims by U.S. states that the blue-chip consulting firm helped fuel the country’s opioid epidemic by providing sales analysis and marketing advice to makers of the highly addictive painkillers, including Purdue Pharma LP and Johnson & Johnson. …

OxyContin maker Purdue Pharma pleads guilty in criminal case
4 years ago

OxyContin maker Purdue Pharma pleads guilty in criminal case

Associated Press  

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. Last week, as part of a motion to get access to more family documents, the attorneys …

Federal Judge Approves Landmark $8.3 Billion Purdue Pharma Opioid Settlement
4 years, 1 month ago

Federal Judge Approves Landmark $8.3 Billion Purdue Pharma Opioid Settlement

NPR  

Federal Judge Approves Landmark $8.3 Billion Purdue Pharma Opioid Settlement Enlarge this image John Moore/Getty Images John Moore/Getty Images A federal bankruptcy judge approved a controversial $8.3 billion settlement late Tuesday between Purdue Pharma and the Department of Justice. Sponsor Message Judge Drain swatted aside objections to the deal raised by a coalition of more than two dozen states that …

Purdue Pharma to pay $8.3bn, plead guilty to settle opioid probes
4 years, 2 months ago

Purdue Pharma to pay $8.3bn, plead guilty to settle opioid probes

Al Jazeera  

OxyContin maker Purdue Pharma pleads guilty to three felony charges and agrees to pay $8.3bn to settle federal probes into its role in fuelling the US opioid crisis. Purdue Pharma LP agreed to plead guilty to criminal charges over the handling of its addictive prescription opioid OxyContin, in a deal with United States prosecutors that effectively sidestepped paying billions of …

States says opioid crisis has cost them $630B since 2007
4 years, 4 months ago

States says opioid crisis has cost them $630B since 2007

Associated Press  

U.S. state and territorial governments say the opioid epidemic has cost them $630 billion since 2007 and that the cost could balloon to more than $2 trillion over the next 20 years. Attorneys general for nearly every state and territory made that calculation public Monday in OxyContin maker Purdue Pharma’s bankruptcy case. The cost estimate pertains to the overall toll …

Opioid Scandal Haunts Drug Companies As They Respond To Pandemic
4 years, 4 months ago

Opioid Scandal Haunts Drug Companies As They Respond To Pandemic

NPR  

Opioid Scandal Haunts Drug Companies As They Respond To Pandemic Enlarge this image toggle caption Drew Angerer/Getty Images Drew Angerer/Getty Images As drug firms race to position themselves as key players in the coronavirus fight, the industry faces a renewed wave of civil lawsuits stemming from its role in the nation's deadly opioid epidemic. Companies look to pivot away from …

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