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States fight bonus pay for CEO of OxyContin maker Purdue

The chief executive officer of OxyContin-maker Purdue Pharma LP should not collect a potential $1.3 million bonus when he has been accused of contributing to the opioid epidemic, a group of state attorneys general said in a court filing on Monday......»»

Category: topSource: reutersDec 2nd, 2019

State AGs fight bonus pay for CEO of OxyContin-maker Purdue

The chief executive officer of OxyContin-maker Purdue Pharma LP should not collect a potential $1.3 million bonus when he has been accused of contributing to the opioid epidemic, a group of state attorneys general said in a court filing on Monday......»»

Category: topSource: reutersDec 2nd, 2019

U.S. states fight back against Purdue"s bid to halt opioid lawsuits

U.S. state officials launched a legal counterattack on Friday against Purdue Pharma LP's attempt to shield itself and its controlling Sackler family from thousands of lawsuits claiming the OxyContin maker helped fuel the opioid epidemic......»»

Category: topSource: reutersOct 4th, 2019

Bankruptcy judge considers $1.3M bonus for Purdue Pharma CEO after opioid epidemic

The judge overseeing the bankruptcy case of OxyContin maker Purdue Pharma will consider Wednesday whether the company's CEO should get a bonus equal to half his $2.6 million salary......»»

Category: topSource: foxnewsDec 4th, 2019

OxyContin maker Purdue Pharma to pay states" lawyers, urged to help victims

OxyContin maker Purdue Pharma LP got court approval on Tuesday to reimburse millions of dollars in legal fees for states that back its proposed $10 billion settlement of opioid lawsuits, but with a condition meant to help victims of the addiction crisis......»»

Category: topSource: reutersNov 19th, 2019

OxyContin maker Purdue begins showdown to halt opioid lawsuits

OxyContin maker Purdue Pharma LP will ask a U.S. Bankruptcy Judge on Friday to pause litigation against the company and its owners over the objections of U.S. states that allege the company is trying to protect the controlling Sackler family......»»

Category: topSource: reutersOct 11th, 2019

Sacklers reaped up to $13 billion from OxyContin maker, U.S. states say

OxyContin maker Purdue Pharma LP steered up to $13 billion in profits to the company's controlling Sackler family, according to U.S. states opposing efforts to halt lawsuits alleging the company and its owners helped fuel the U.S. opioid epidemic......»»

Category: topSource: reutersOct 4th, 2019

OxyContin Maker Purdue Pharma Files For Bankruptcy As Dozens Of States Decline Proposed Settlement

OxyCo.....»»

Category: blogSource: zerohedgeSep 16th, 2019

Purdue and Sacklers offer to settle opioid suits for up to $12bn

The states, cities and counties which are pursuing the OxyContin maker because of large bills for cleaning up the opioid crisis are deciding whether to accept the offer by Friday, the people said......»»

Category: topSource: bizjournalsAug 27th, 2019

Five more U.S. states sue OxyContin maker Purdue Pharma over opioid epidemic

Five U.S. states on Thursday filed lawsuits accusing Purdue Pharma LP of illegally marketing and selling opioids, escalating the wave of litigation over a nationwide abuse epidemic......»»

Category: topSource: reutersMay 16th, 2019

6 US states accuse opioid maker Purdue of fueling overdoses

Six U.S. states on Tuesday sued the maker of the opioid OxyContin of using deceptive marketing to boost drug sales that fueled opioid overdose deaths......»»

Category: topSource: foxnewsMay 15th, 2018

Texas sues OxyContin maker for alleged role in nation"s opioid crisis

Texas has joined five other states in filing lawsuits against Purdue Pharma LP, accusing the drug company of igniting the nation’s opioid crisis by using deceptive marketing practices to sell its painkillers. In marketing its drugs, Purdue Phar.....»»

Category: topSource: bizjournalsMay 16th, 2018

North Carolina joins 5 other states in suing the maker of OxyContin

North Carolina has joined five other states in filing lawsuits against Purdue Pharma, accusing the drug company of igniting the nation’s opioid crisis by using deceptive marketing practices to sell its painkillers. In marketing its drugs, Purdue .....»»

Category: topSource: bizjournalsMay 17th, 2018

Purdue CEO"s bonus pay opposed by 24 states over opioid deaths epidemic

The attorneys general of 24 states said Craig Landau should not collect a bonus that would lift his pay to $3.9 million because of his alleged role in downplaying the risks of Purdue’s drugs......»»

Category: topSource: foxnewsDec 3rd, 2019

Judge shields OxyContin-maker Purdue from litigation until April

Purdue Pharma LP and the company's Sackler family owners will be shielded until April 8, 2020, from sprawling opioid litigation to give the maker of OxyContin time to try to reach a legal settlement the company says is worth $10 billion......»»

Category: topSource: reutersNov 6th, 2019

OxyContin maker Purdue gets brief shield from litigation

OxyContin maker Purdue Pharma LP won a court order on Friday briefly pausing the sprawling opioid litigation against the company so it can try to make headway on its proposed legal settlement that it says is worth $10 billion......»»

Category: topSource: reutersOct 11th, 2019

U.S. judge urges parties to wisely use Purdue opioid settlement funds

A U.S. bankruptcy judge on Thursday urged parties that will benefit from a proposed settlement with OxyContin maker Purdue Pharma LP to focus on addressing the opioid addiction crisis and avoid battling over the deal's billions of dollars......»»

Category: topSource: reutersOct 10th, 2019

Cracks in Purdue"s proposed opioid settlement as Arizona backs out

The U.S. state of Arizona withdrew its support for a proposed nationwide opioid settlement with Purdue Pharma LP, saying the maker of OxyContin sought to "undermine material terms of the deal," according to a court filing on Monday......»»

Category: topSource: reutersOct 8th, 2019

Purdue Pharma asks judge to stop lawsuits against Sacklers

OxyContin maker on Wednesday asked a judge to halt all lawsuits against the company and its former directors, including members of the Sackler family, which owns the company.   The request is a... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkSep 24th, 2019

Purdue Pharma seeks to halt opioid suits against company, Sacklers

OxyContin maker Purdue Pharma LP on Wednesday asked a U.S. bankruptcy judge to halt for roughly nine months more than 2,600 lawsuits alleging the company and its controlling Sackler family helped fuel the U.S. opioid crisis, according to court documents......»»

Category: topSource: reutersSep 18th, 2019

Purdue Pharma to stay in business as bankruptcy unfolds

A judge cleared the way Tuesday for OxyContin maker Purdue Pharma to stay in business while it pursues bankruptcy protection and settlement of more than 2,600 lawsuits filed against it in a reckoning over the opioid crisis......»»

Category: topSource: moneycentralSep 18th, 2019