A federal judge delivered a criminal sentencing to OxyContin maker Purdue Pharma to resolve a US Department of Justice probe- a last necessary step to resolve a massive legal settlement resolving thousands of lawsuits against the company. 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 with the thousands of other lawsuits it faces. Members of the Sackler family who own Purdue Pharma agreed to contribute up to $7 billion over 15 years in resolving those lawsuits.
OxyContin maker Purdue Pharma to pay billions for opioid crisis
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A federal judge delivered a criminal sentencing to OxyContin maker Purdue Pharma to resolve a US Department of Justice probe- a last necessary step to resolve a massive legal settlement resolving thousands of lawsuits against the company. 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 with the thousands of other lawsuits it faces. Members of the Sackler family who own Purdue Pharma agreed to contribute up to $7 billion over 15 years in resolving those lawsuits.
