purdue pharma

Purdue Pharma allowed bonus payout in bankruptcy case

The judge overseeing the bankruptcy case for opioid-maker Purdue Pharma issued an interim order late Wednesday allowing the company and its subsidiaries to continue paying its employees, former employees and retirees.

Purdue Pharma files for bankruptcy

Purdue Pharma has filed for bankruptcy as part of its plan to settle litigation with dozens of states and and other plaintiffs who say the company fueled the opioid crisis.

Purdue Pharma made $1B in wire transfers

Authorities have identified about $1 billion in wire transfers between the owners of pharmaceutical giant Purdue Pharma, the entities they control and different financial institutions, New York Attorney General Letitia James said Friday.

Purdue Pharma, opioid cases have preliminary proposed settlement

Purdue Pharma has reached a preliminary proposed settlement with multiple state, local and tribal governments that accuse the company of helping to drive the opioid crisis, officials said. But many attorney generals are opposing it and say the fight is not over.

Sackler family could give up Purdue Pharma, source says

The Sackler family could give up its ownership of Purdue Pharma and up to $4.5 billion of their own money, as one possible settlement option over the more than 2,000 lawsuits filed against their company, a person with knowledge of the negotiations tells CNN.

Purdue Pharma in settlement talks over 2,000 lawsuits

Purdue Pharma is involved in talks to settle thousands of federal and state lawsuits that accuse it of fueling the nation's opioid epidemic, the company confirmed to CNN one day after another pharmaceutical giant was ordered to pay more than $500 million for its role in a single state's drug crisis.

New Jersey sues Sackler family for opioid epidemic

The New Jersey attorney general's office filed a lawsuit against members of the billionaire family behind pharmaceutical giant Purdue Pharma, alleging that the company's marketing strategies overstated the benefits of their opioid drugs while also minimizing the health risks and downplaying their potential for addiction.

Connecticut attorney general files new suit against Purdue Pharma

An amended lawsuit filed by the Connecticut attorney general alleges that the owners of pharmaceutical giant Purdue Pharma illegally shuffled hundreds of millions of dollars to other Sackler family-owned properties and downplayed the addictive nature of opioids to doctors while pressuring sales reps.