Purdue Pharma expected to forfeit $225m as sentence in criminal opioids case
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The Bottom Line
Purdue Pharma will forfeit $225 million to the U.S. Justice Department in a criminal opioids case.
How This Affects You
This forfeiture helps clear the way for a settlement that includes payments to state, local, and tribal governments, and individual victims of the opioid crisis.
AI Summary
Purdue Pharma is expected to forfeit $225 million to the U.S. Justice Department as part of its sentencing in a criminal opioids case. This forfeiture will clear the way for the OxyContin maker to finalize a settlement for thousands of lawsuits related to its role in the opioid crisis. The $225 million penalty was part of a 2020 agreement to resolve federal civil and criminal investigations against the company. The settlement also stipulates that the Sackler family will pay state, local, and Native American tribal governments, as well as individual victims. This action marks a significant step in addressing the legal ramifications of the opioid epidemic.
What's Being Done
Purdue Pharma is finalizing a settlement for thousands of lawsuits related to its role in the opioid crisis.
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