Purdue Pleads Guilty in Criminal Court
Purdue Pharma, the drugmakers responsible for Oxycontin, pleaded guilty to criminal charges this afternoon. The charges are related to the drug, a highly addictive narcotic that has been a primary driver of the opioid epidemic.
Previous Oxycontin Lawsuits
The guilty pleas in the criminal case came after a settlement last month
In October, the Sackler Family (owners of Perdue) were handed an eight billion dollar judgment, a settlement combining thousands of lawsuits from cities, states, and counties. (Not every locality suing Perdue signed off on the settlement, and some were paid out separately, including New York, which received several billion of its own.) Purdue has filed for bankruptcy and may be restructured and overseen by the government as the Sacklers remove themselves from the business.
Perdue’s Criminal Charges
In today’s world, corporations are treated as people. It may be surprising …