In early October, Purdue Pharma declared Chapter 11 bankruptcy in order to settle a $10 billion lawsuit with 24 states and more than 2,000 cities and counties. Johnson & Johnson has to pay $572 million for using sales practices that minimized the risks of opioid addiction. Dr. Kevin J. Tracey, President/CEO of the Feinstein Institutes […]
Tag Archives: Lawsuits
07
Oct
Oct
The Sackler family came up with the painkiller OxyContin. A number of lawsuits have hit this business as the Centers for Disease Control and Prevention says that from 1999-2017, almost 218,000 Americans have died from opioid overdoses. Because of failure to reach a settlement, Purdue Pharma will have no choice but to declare bankruptcy. Purdue […]