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Justice Department Announces Settlement With Purdue Pharma

On Wednesday the U.S Justice Department said that Purdue Pharma has agreed to plead guilty to criminal charges and face penalties of roughly $8.3 billion for its role in the opioids epidemic.

This morning, subject to court approval, the Department of Justice is announcing a global resolution of our criminal and civil investigations into the opioid manufacturer Purdue Pharma, as well as a civil resolution with members of the Sackler family, who comprise shareholders of the company. The global settlement announced today involves the company pleading guilty to three felony counts for defrauding the United States and violating the Anti-Kickback Statute from 2009 to 2017. In addition to the company having agreed to plead guilty to these three felony counts, the company has agreed to a $3.544 billion criminal fine and a $2 billion criminal forfeiture amount. Further, on top of those, to resolve its civil liability, Purdue Pharma has agreed to $2.8 billion in damages to the United States.

U.S.

Justice Department Announces Settlement With Purdue Pharma

By The Associated Press October 21, 2020

On Wednesday the U.S Justice Department said that Purdue Pharma has agreed to plead guilty to criminal charges and face penalties of roughly $8.3 billion for its role in the opioids epidemic.

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