Purdue Pharma Sentenced to $5.5 Billion in Fines for Role in Opioid Epidemic
Purdue Pharma, the maker of OxyContin, was sentenced to $5.5 billion in fines and penalties for deceiving regulators and paying kickbacks to doctors to boost opioid sales. The settlement allows the company to dissolve in bankruptcy and fund a $7.4 billion compensation plan for victims of the opioid epidemic. The sentencing followed extensive testimony from over 200 victims and an apology from Purdue's chairman.
Topics: Bankruptcy Legal Fines Opioid Epidemic Public Apology Purdue Pharma