Tag:

Purdue Pharma

Fairfield
News
CT To Receive $95M From Purdue Settlement, Create Opioid Survivors Trust, AG Says CT To Receive $95M From Purdue Settlement, Create Opioid Survivors Trust, AG Says
CT To Receive $95M From Purdue Settlement, Create Opioid Survivors Trust, AG Says Connecticut has big plans for its share of the $6 billion Purdue Pharma settlement after being one of nine agencies to appeal a previous settlement with the Sackler family. As part of the multi-billion dollar settlement, Connecticut is set to receive approximately $95 million, which is approximately 40 percent more than the previously vacated settlement that was appealed by state officials. Earlier story - Purdue Pharma Reaches $6B Settlement With US States Over Thousands Of Opioid-Related Lawsuits Connecticut Attorney General William Tong said that the money the state will receive as part…

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by Zak Failla
Bedford
News
Purdue Pharma Reaches $6B Settlement With US States Over Thousands Of Opioid-Related Lawsuits Purdue Pharma Reaches $6B Settlement With US States Over Thousands Of Opioid-Related Lawsuits
Purdue Pharma Reaches $6B Settlement With US States Over Thousands Of Opioid-Related Lawsuits OxyContin creators Purdue Pharma and the Sackler family have reached a $6 billion settlement over their roles in the ongoing opioid crisis plaguing the country. The announcement comes following an earlier deal made with Purdue, headquartered in Stamford, Connecticut, that was ultimately appealed by eight states and the District of Columbia until the Sacklers kicked in more cash to get the deal done. Earlier story - NY, Other States Reach $4.5B Settlement With Purdue Pharma Over Its Role In Opioid Epidemic The $6 billion will be paid out over the course of 18 years, with larger payments fro…

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by Zak Failla
Armonk
News
Hudson Valley Counties To Receive Up To $94 Million To Combat Opioid Crisis Hudson Valley Counties To Receive Up To $94 Million To Combat Opioid Crisis
Hudson Valley Counties To Receive Up To $94 Million To Combat Opioid Crisis Hudson Valley counties are set to receive up to $94 million to help combat the opioid crisis. New York Attorney General Letitia James said in an announcement on Tuesday, Oct. 5, that the funds come from settlements from a March 2019 lawsuit against the manufacturers and distributors responsible for the crisis. James shared a list of figures representing the minimum and maximum amounts each county could receive from settlements with Johnson & Johnson, McKesson, Cardinal Health, Amerisource Bergen, and Endo. Hudson Valley: $51,729,983.90 – $94,455,606.10 Dutchess County: $3,682,781.87 …

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by Nicole Valinote
Hackensack
News
Opioids Drive Highest Number Of OD Deaths Ever In US, While NJ Holds Steady, CDC Reports Opioids Drive Highest Number Of OD Deaths Ever In US, While NJ Holds Steady, CDC Reports
Opioids Drive Highest Number Of OD Deaths Ever In US, While NJ Holds Steady, CDC Reports Call it a statistical oddity: Despite an historic spike in drug overdose deaths across the United States last year, the total reported for New Jersey ticked up barely 1% over 2019 – compared with an increase of more than 32% in New York, over 17% in Pennsylvania and more than 10% in Connecticut, the CDC reported. More than 93,000 people across the country died from drug overdoses amid last year’s COVID-19 pandemic, according to the CDC’s National Center for Health Statistics. That total represented a 29.4% increase from the 72,151 deaths projected nationwide for 2019, according to an annual…

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by Jerry DeMarco
Nassau
News
NY, Other States Reach $4.5B Settlement With Purdue Pharma Over Its Role In Opioid Epidemic NY, Other States Reach $4.5B Settlement With Purdue Pharma Over Its Role In Opioid Epidemic
NY, Other States Reach $4.5B Settlement With Purdue Pharma Over Its Role In Opioid Epidemic New York is joining several other states in winning a multi-billion dollar settlement - one of the largest in the country’s history - with Purdue Pharma for its role in the opioid epidemic that has plagued the US for years. Gov. Andrew Cuomo announced a $4.5 billion settlement with the pharmaceutical company that will put them out of business after falsely marketing its products to get Americans hooked on opioids. The owners of Purdue Pharma, the Sackler family, will pay out a total of $4.325 billion over the next nine years, with New York State receiving approximately $200 million. Cuomo …

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by Zak Failla
Hackensack
News
NJ, NY, PA Among States Sharing Historic $4.3B Purdue Pharma Settlement NJ, NY, PA Among States Sharing Historic $4.3B Purdue Pharma Settlement
NJ, NY, PA Among States Sharing Historic $4.3B Purdue Pharma Settlement Oxycontin-maker Purdue Pharma has reached an historic $4.3 billion settlement with New Jersey, New York, Pennsylvania and a dozen other states that one attorney general said involved the “most that individuals have ever paid for breaking the law.” New Jersey expects to receive more than $110 million from the deal, state Attorney General Gurbir S. Grewal said Thursday. As part of the settlement, the Sackler family must surrender ownership of the bankrupt drug company. They also must release more than 30 million family and Purdue Pharma documents that outline their roles in an opioid epidemi…

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by Jerry DeMarco
Essex NJ
News
Historic Guilty Plea By Oxycontin Maker Purdue Pharma: What It Means Historic Guilty Plea By Oxycontin Maker Purdue Pharma: What It Means
Historic Guilty Plea By Oxycontin Maker Purdue Pharma: What It Means Oxycontin maker Purdue Pharma pleaded guilty in federal court in Newark on Tuesday in exchange for not only the largest penalties ever levied against a pharmaceutical manufacturer for its role in creating the nation’s opioid crisis. The company, which declared bankruptcy last year, also will be dissolved and its assets used to establish a new "public benefit company,” federal authorities said. US District Judge Madeline Cox Arleo approved the deal after Purdue Pharma Board Chairman Steve Miller pleaded guilty during a teleconference to three criminal charges on behalf of the company. “Purd…

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by Jerry DeMarco
Stamford
Business
Stamford-Based Purdue Pharma Admits To Crimes, Facing Billions In Fines For Opioid Crisis Role Stamford-Based Purdue Pharma Admits To Crimes, Facing Billions In Fines For Opioid Crisis Role
Stamford-Based Purdue Pharma Admits To Crimes, Facing Billions In Fines For Opioid Crisis Role Purdue Pharma, the maker of OxyContin, has agreed to pay billions of dollars in fines and will plead guilty to federal criminal charges for its role in the nation’s opioid crisis. The Fairfield County-based Connecticut company agreed to plead guilty in federal court in New Jersey to a three-count indictment that includes one count of dual-object conspiracy to defraud the United States and to violate the Food, Drug, and Cosmetic Act, and two counts of conspiracy to violate the Federal Anti-Kickback Statute. As part of the agreement, Purdue Pharma, whose headquarters is in Stamford, will…

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by Zak Failla
DV Plus - Fairfield
Politics
Around The Towns: Purdue Pharma Disputes, Candidate Blasts Developers, Vaccine Stats Lawsuit Around The Towns: Purdue Pharma Disputes, Candidate Blasts Developers, Vaccine Stats Lawsuit
Around The Towns: Purdue Pharma Disputes, Candidate Blasts Developers, Vaccine Stats Lawsuit Local government lawsuits against the family that owns Purdue Pharma should be allowed to proceed even as the company attempts to reach a nationwide settlement in bankruptcy court over the toll of the opioids crisis, according to a court filing on Wednesday, Oct. 2 The filing by 19 cities and towns in Connecticut and three other states comes amid settlement negotiations with the maker of the painkiller OxyContin that is now in a bankruptcy court in White Plains, NY. Purdue and members of the Sackler family that owns it, are seeking a grand settlement to end more than 2,600 lawsuits against …

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by Jon Craig
Briarcliff
Politics
New NY Attorney General Gaining Attention As Powerful New Trump Rival New NY Attorney General Gaining Attention As Powerful New Trump Rival
New NY Attorney General Gaining Attention As Powerful New Trump Rival New York Attorney General Letitia James has been turning as she continues to take the fight to President Donald Trump and his administration. Just months into her first term as Attorney General, James, a Democrat, has “emerged as one of the most aggressive and ambitious litigators in the country,” according to The Hill, citing several lawsuits she has filed against the commander-in-chief. Since taking office, James has launched investigations and probes into Purdue Pharma, the Sackler family, the NRA, and other special interests. She has also taken steps to ascertain Trump’s bank records an…

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by Zak Failla
North Salem
News
NY Lawsuit Against Opioid Distributors Includes Billionaire Family Behind OxyContin NY Lawsuit Against Opioid Distributors Includes Billionaire Family Behind OxyContin
NY Lawsuit Against Opioid Distributors Includes Billionaire Family Behind OxyContin New York is taking on big pharmaceutical companies, announcing the “nation’s most comprehensive lawsuit against opioid distributors and manufacturers,” Attorney Letitia James said. James filed the lawsuit against the Sackler family, and other distributors, which are responsible for the widespread of OxyContin abuse, alleging that the drugmaker Purdue Pharma helped spark an opioid crisis that led to the deaths of thousands. The lawsuit, announced Thursday, March 28, alleges that through years of false and deceptive marketing, and by ignoring their duties to prevent the unlawful diversion of …

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by Zak Failla
Greenwich
Business
CNN 'New Day' Co-Host Leads Women's Business Council Fireside Chat In Greenwich CNN 'New Day' Co-Host Leads Women's Business Council Fireside Chat In Greenwich
CNN 'New Day' Co-Host Leads Women's Business Council Fireside Chat In Greenwich CNN anchor and bestselling author Alisyn Camerota of Westport has agreed to lead a fireside chat at the Women's Business Development Council's Annual Gala.  Alisyn Camerota, CNN “New Day” co-host will serve as a moderator during the Friday, Oct. 12 Women Rising 2018 Gala in Greenwich. The Women’s Business Development Council, a not-for-profit organization providing the training, education and borrowing power for women to launch and grow their own businesses, will hold its annual gala luncheon at the Hyatt Regency Greenwich, 1800 East Putnam Ave. in Old Greenwich. The event will gather toge…

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by Jon Craig
Stamford
News
Man Faces Felony After Dropping 'Heroin Spoon' At Purdue Pharma In Stamford Man Faces Felony After Dropping 'Heroin Spoon' At Purdue Pharma In Stamford
Man Faces Felony After Dropping 'Heroin Spoon' At Purdue Pharma In Stamford A Stamford art gallery owner was arrested for depositing an 800-pound steel sculpture of a bent heroin spoon in front of Purdue Pharma, according to multiple sources. Fernando Luis Alvarez was arrested about an hour after "installing" the spoon at 8:30 a.m. Friday and charged with obstruction of free passage and interfering with police, a felony, in front of the 201 Tresser Blvd. corporate headquarters, reported the Hartford Courant. Alvarez, whose Bedford Street gallery is opening an exhibit on the opioid crisis Friday night, was arrested because the spoon blocked an automatic en…

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by Kathy Reakes
Fairfield
Business
CT-Based OxyContin Manufacturer Lays Off Half Of Its Sales Staff CT-Based OxyContin Manufacturer Lays Off Half Of Its Sales Staff
Ct-based OxyContin Manufacturer Lays Off Half Of Its Sales Staff Purdue Pharma, the Stamford drug manufacturer that created the highly addictive painkiller OxyContin has laid off half of its 400-member sales team and will no longer promote the prescription drug to doctors. The news, announced with a flurry full-page ads by the drug company in the country’s largest newspapers, according to this report in The Hartford Courant, is part of a corporate campaign by Purdue to preserve the drug’s brand and its own, both of which are being blamed in part for the country’s spiraling opioid crisis. Last week, Westchester County filed a lawsuit against more than 30 o…

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by Jon Craig