JPMorgan Chase & Co has cut ties with Purdue Pharma LP over the OxyContin maker’s alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill payments, people familiar with the matter …
Purdue Pharma LP and its billionaire owners are being sued by five more states alleging the company’s aggressive marketing of the OxyContin painkiller triggered a vast addiction epidemic that has claimed hundreds of thousands of lives in the U.S. The …
NEW YORK (Reuters) – A united front among members of the billionaire Sackler family behind painkiller OxyContin is showing signs of strain from litigation over who bears responsibility for the deadly U.S. opioid epidemic. At least twice in recent months, …
Purdue Pharma LP’s former chief executive officer appeared to blame victims of opioid abuse for their suffering in a 2001 email to an acquaintance, a court filing shows. “Abusers aren’t victims; they are the victimizers,” Richard Sackler said in the …
Drug distributor McKesson Corp has agreed to pay $37 million to resolve a lawsuit by the state of West Virginia seeking to hold it responsible for contributing to the opioid epidemic, the state’s attorney general said on Thursday. The settlement …
NEW YORK — The U.S. government on Tuesday filed its first criminal charges against a major drug distributor and company executives over their alleged roles in fueling the nation’s opioid epidemic by putting profits ahead of patients’ safety. Rochester Drug …
Purdue Pharma LP fraudulently transferred funds to members of the wealthy Sackler family who control the OxyContin maker despite knowing it faced major liabilities that had made it already insolvent, New York’s attorney general alleged on Thursday. New York Attorney …
Purdue Pharma LP and its billionaire owners, the Sackler family, were sued by New York state for triggering an addiction epidemic with their marketing of the Oxycontin painkiller, just two days after they agreed to pay $270 million to settle …
The billionaire family that owns opioid-maker Purdue Pharma LP has been accused in a new lawsuit of causing the nationwide public-health crisis involving pain-killing medicines that has left thousands of Americans dead from overdoses. More than 500 U.S. cities and …