Purdue Pharma Agrees to $8.34 Billion Settlement Over Opioids
On Wednesday, Purdue Pharma, maker of OxyContin, reached an $8.34 Billion settlement with the Justice Department regarding its role in causing the opioid crisis.
The settlement follows after several years of investigation into Purdue's marketing and distribution practices for its opioid painkillers.
Although the settlement is for $8+ Billion, the bankrupt drug-maker's total assets don't reach that benchmark, therefore, Purdue will actually pay $225 million.
In the settlement, Purdue pled guilty to three counts related to payments to health-care providers and other actions.
Purdue’s owners, the Sackler family, will also have to pay $225 million for civil claims.
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