Tag Archives: Opioid

OxyContin maker negotiating $10 to 12 billion opioid settlement with state, local governments: report

The maker of OxyContin—Purdue Pharma, which is owned by members of the Sackler Family— is reportedly offering a $ 10 to $ 12 billion payout to settle more than 2,000 lawsuits brought by state, local and tribal governments that claim the company is responsible for the nationwide opioid crisis. State attorneys general and lawyers representing local… Read More »

J&J liable for $572 million in Oklahoma opioid epidemic trial; shares rise

NORMAN, Okla./BOSTON (Reuters) – An Oklahoma judge on Monday ordered Johnson & Johnson (JNJ.N) to pay $ 572.1 million to the state for its part in fueling an opioid epidemic by deceptively marketing addictive painkillers, a sum that was substantially less than investors had expected, driving up J&J’s shares. The state’s attorney general had filed… Read More »

Top Executives of Insys, an Opioid Company, Are Found Guilty of Racketeering

BOSTON — A federal jury on Thursday found the top executives of Insys Therapeutics, a company that sold a fentanyl-based painkiller, guilty of racketeering charges in a rare criminal prosecution that blamed corporate officials for contributing to the nation’s opioid epidemic. The jury, after deliberating for 15 days, issued guilty verdicts against the company’s founder,… Read More »