OxyContin

Stories 1 - 20 |  Next >>

Supreme Court Tosses Controversial Opioid Settlement

5-4 ruling blocks nationwide deal with Purdue Pharma over opioid epidemic

(Newser) - The Supreme Court on Thursday rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have shielded members of the Sackler family who own the company from civil lawsuits over the toll of opioids but also would have provided billions of dollars to combat the opioid epidemic. After deliberating...

Supreme Court Freezes Deal That Protects Sackler Family

Justices agree to hear arguments on bankrupty deal that shields Sacklers

(Newser) - The Supreme Court on Thursday temporarily blocked a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family who own the company from civil lawsuits over the toll of opioids. The justices agreed to a request from the Biden administration to put the brakes on...

Sacklers' Name Pulled From British Museum
British Museum to Pull 'Sackler'
Mar 26, 2022 12:05 PM CDT

British Museum to Pull 'Sackler'

Officials say they reached agreement with the Purdue Pharma family's foundation

(Newser) - The British Museum will remove the Sackler name from galleries, rooms, and endowments following global outrage over the role the family played in the opioid crisis. The museum is the latest cultural institution to cut ties with the Sacklers. The Sackler name has been removed in recent years from wings...

Victims Deal With Emotions After Facing Sacklers

Purdue owners had to sit through family statements

(Newser) - After telling the Sacklers how they and family members had suffered from or lost relatives to opioid addiction, some of the roughly two dozen people who made court statements Thursday were left to deal with the emotions and assess the value of the confrontations. Some who spoke emerged exhausted, others...

Judge Approves Settlement That Shields Sacklers

Purdue Pharma owners will be protected from future lawsuits over opioids

(Newser) - A federal bankruptcy judge gave conditional approval Wednesday to a sweeping, potentially $10 billion plan submitted by OxyContin maker Purdue Pharma to settle a mountain of lawsuits over its role in the opioid crisis that has killed a half-million Americans over the past two decades. Under the settlement, the Sackler...

Purdue Pharma Heir Makes a Big Demand

He says Sackler family won't settle unless they are freed from opioid lawsuits

(Newser) - Members of the family that owns OxyContin maker Purdue Pharma won’t contribute billions of dollars to a legal settlement unless they get off the hook for all current and future lawsuits over the company’s activities, one of them told a court Tuesday in a rare public appearance. David...

Many Have Lukewarm Reaction to OxyContin Maker's Offer

$10B plan calls for turning the pharmaceutical giant into a new company

(Newser) - Some state attorneys general and opioid addiction activists pushed back Tuesday against a settlement offer from OxyContin maker Purdue Pharma, saying it didn't include enough money and goes too far in protecting the company and family members who own it from future liability. A group of nearly half the...

Sacklers Infuriate Lawmakers
Sacklers Infuriate Lawmakers
Dec 17, 2020 4:38 PM CST

Sacklers Infuriate Lawmakers

Family behind Purdue Pharma has no regrets over opioid crisis

(Newser) - The opioid epidemic has killed more than 400,000 Americans, according to the Centers for Disease Control and Prevention. Prescription opioids including Oxycontin, which Purdue Pharma put on the market about 25 years ago, caused about 230,000 of the deaths. The company's marketing pitched the pills to doctors...

OxyContin Maker Pleads Guilty to 3 Criminal Charges

Company admits role in opioid epidemic

(Newser) - Purdue Pharma pleaded guilty Tuesday to three criminal charges, formally taking responsibility for its part in an opioid epidemic that has contributed to hundreds of thousands of deaths but also angering critics who want to see individuals held accountable, in addition to the company. In a virtual hearing with a...

Inside Purdue Pharma's $8B Settlement With the Feds
It Makes OxyContin. Now It's
Made a Deal With the Feds
the rundown
Oct 21, 2020 12:20 PM CDT

It Makes OxyContin. Now It's Made a Deal With the Feds

Inside the $8.3B Purdue Pharma settlement

(Newser) - OxyContin maker Purdue Pharma will plead guilty to three federal criminal charges, the Justice Department said Wednesday in announcing an $8.3 billion deal that settles the federal investigation of how the company marketed opioids, Politico reports. Those charges include conspiracy to defraud the US and violating federal anti-kickback laws....

Victims Weren't in the Room When Opioid Maker Settled

But now 4 of them will play a role in Purdue Pharma's bankruptcy

(Newser) - Victims of opioid addiction weren't in the room when OxyContin maker Purdue Pharma persuaded half the state attorneys general to settle claims over the company's role in the nationwide overdose epidemic, the AP reports. Now that Purdue is in federal bankruptcy court, four people whose lives were touched...

Purdue Pharma Files for Bankruptcy
Purdue Pharma
Files for Bankruptcy
Sep 16, 2019 12:50 AM CDT

Purdue Pharma Files for Bankruptcy

But OxyContin maker's legal battles are far from over

(Newser) - Purdue Pharma, the company that made billions selling the prescription painkiller OxyContin, has filed for bankruptcy in White Plains, NY, days after reaching a tentative settlement with many of the state and local governments suing it over the toll of opioids. The filing was anticipated before and after the tentative...

New York AG Uncovers $1B Wired by Sackler Family

Transfers boost suspicions that owners of OxyContin maker Purdue tried to shield wealth

(Newser) - The family that owns OxyContin maker Purdue Pharma used Swiss and other hidden accounts to transfer $1 billion to themselves, New York's attorney general contends in court papers filed Friday. New York—asking a judge to enforce subpoenas of companies, banks, and advisers to Purdue and its owners, the...

Tentative Deal Reached in Purdue Pharma Lawsuits

OxyContin maker reaches tentative settlement with some of the states, governments suing

(Newser) - A tentative settlement announced Wednesday over the role Purdue Pharma played in the nation's opioid addiction crisis falls short of the far-reaching national settlement the OxyContin maker had been seeking for months, with litigation sure to continue against the company and the family that owns it. The agreement with...

Report: OxyContin Maker in Talks to Settle State Lawsuits

Source say Purdue has offered up to $12B

(Newser) - State attorneys general and lawyers representing local governments said Tuesday they are in active settlement talks with Purdue Pharma, the maker of the prescription painkiller OxyContin that is facing billions of dollars in potential liability for its role in the nation's opioid crisis. Purdue has been cast by attorneys...

How a Boeing Engineer Turned Into a Bank Robber
He Was a Boeing Engineer.
Then Came the Oxy Prescription
IN CASE YOU MISSED IT
Jun 30, 2019 7:11 AM CDT

He Was a Boeing Engineer. Then Came the Oxy Prescription

Anthony Hathaway ended up robbing banks to support his drug addiction

(Newser) - For a while, Anthony Hathaway looked like a success story: As a 20-year-old with only a high school diploma, he went to work as a technical designer for Boeing in Everett, Washington. By 30, he was an engineer in the galley systems group pulling in more than $100,000 a...

For OxyContin Maker: $270M Settlement, Potential Bankruptcy

Purdue Pharma settles suit with Oklahoma for $270M

(Newser) - The maker of OxyContin has agreed to pay $270 million to resolve claims in Oklahoma that it helped fuel the opioid crisis and thereby contributed to thousands of overdose deaths, multiple news outlets are reporting. Oklahoma Attorney General Mike Hunter, who sued 13 opioid manufacturers for promoting opioids as safe...

Sackler Family Hears Bad News All Week
Sackler Family Hears
Bad News All Week 
the Rundown
Mar 22, 2019 1:31 PM CDT

Sackler Family Hears Bad News All Week

Lawsuit targets family who made a fortune on OxyContin as museums say 'no thanks'

(Newser) - From the outside, it appears that life has been good—and fabulously profitable—for the Sackler family since the launch of OxyContin in 1995. The Sacklers, whose Purdue Pharma produces the drug, have made their philanthropic mark with well-publicized, large donations to universities and art galleries even as the opioid...

OxyContin Exec Boasted of 'Blizzard of Prescriptions'

Sackler accused of misleading public about dangers of addiction

(Newser) - Some of the seeds of today's opioid crisis were sown at the 1995 launch party of OxyContin, where Purdue Pharma exec Richard Sackler promised "a blizzard of prescriptions that will bury the competition," according to a memo filed by Massachusetts Attorney General Maura Healey. She accuses Sackler...

Artist Makes a Point Outside Drugmaker's Headquarters

Domenic Esposito tries to shame OxyContin maker Purdue Pharma with giant spoon

(Newser) - An 800-pound, nearly 11-foot-long steel sculpture of a bent and burned drug spoon was placed Friday in front of the Connecticut headquarters of drugmaker Purdue Pharma as part of an art protest against the opioid crisis. Artist Domenic Esposito and art gallery owner Fernando Alvarez placed the sculpture at the...

Stories 1 - 20 |  Next >>