Joe Biden, Kamala Harris Announce Top Cabinet Picks of Their Administration – Live | American News

0
28


Purdue Pharma pleaded guilty to criminal charges for handling his addicting prescription pain reliever OxyContin, closing deal with federal prosecutors to resolve investigation into US drugmaker’s role opioid crisis.In a remote hearing today before U.S. District Judge Madeline Cox Arleo in New Jersey, Purdue pleaded guilty to three felonies covering widespread misconduct, Reuters reports.

Criminal offenses included conspiring to defraud U.S. officials and paying illegal bribes to doctors and an electronic health records provider, all to help maintain medically questionable opioid prescriptions.

Members of Sackler billionaire family who owns Purdue were not part of today’s court proceedings and have not been criminally charged.

They agreed in October to pay another Civil penalty of $ 225 million for allegedly causing false claims for OxyContin to government health programs such as Medicare. they have refuse the allegations.

President Purdue Steve Miller pleaded guilty on behalf of the company and admitted his criminal conduct under questioning by Assistant US Attorney J. Stephen Ferketic.

Of the three counts against Purdue, two involved violations of a federal anti-bribery law while another accused the Stamford, Connecticut-based company of defrauding the United States. and violating the Food, Drug and Cosmetic Act.

Purdue’s plea deal carries more than $ 5.5 billion in penalties, most of which will go unpaid. A criminal fine of $ 3.54 billion is expected to be considered along with trillions of dollars in unsecured debt as part of Purdue’s bankruptcy proceeding.

Purdue agreed to pay $ 225 million for a $ 2 billion criminal confiscation, while the Department of Justice waived the rest if the company went through a bankruptcy reorganization by dissolving and transferring its assets to a ” public utility company ”or similar entity that manages the $ 1.775 billion unpaid. party to thousands of American communities suing him over the opioid crisis.

A conviction imposing those penalties is about to fall on the line, around the time Purdue receives court approval for a bankruptcy reorganization.

LEAVE A REPLY

Please enter your comment!
Please enter your name here