Judge approves OxyContin-maker Purdue Pharma's settlement over 'multiple serious felonies'
Source: ABC News
After an all-day hearing in bankruptcy court in White Plains, New York, a judge authorized the settlement between OxyContin-maker Purdue Pharma and the Justice Department, which requires guilty pleas to "multiple serious felonies" as soon as next week.
"The DOJ settlement is a critical building block," Judge Robert Drain said.
"Today is in fact a monumental day," Purdue Pharma's attorney Marshall Huebner said.
Purdue Pharma must plead guilty to three criminal charges, including conspiracy to defraud the United States and violating anti-kickback laws.
Read more: https://abcnews.go.com/US/purdue-pharma-seeks-settlement-approval/story?id=74250006
"Purdue Pharma will never emerge from Chapter 11," Huebner said.
The settlement was for $8.3 billion.
OAITW r.2.0
(23,813 posts)DanieRains
(4,619 posts)Mitt Romney says corporations are people.
Corporations don't commit felonies, people do.
The people who committed the felonies?
They are rich, and shall continue living lives of luxury.
Jail is for poor people.
And you wonder why they kneel at the darn game.
Them sob's......
Sherman A1
(38,958 posts)But it is not near enough.
The asses that ran this company should be stripped of every dime they have and left naked standing on a street corner selling pencils.
Hip2bSquare
(291 posts)What this company has done would make el chapo jealous. Thank goodness well have an administration that will actually address this crisis.
mpcamb
(2,855 posts)Law enforcement should hound them for their ill-gotten fortunes!