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Purdue Pharma Pleads Guilty to Criminal Charges on Its Opioids

OxyContin maker Purdue Pharma is pleading guilty to criminal felony charges of defrauding federal health agencies and violating anti-kickback laws, and has agreed to pay $5.5 billion in criminal fines and forfeitures. They also have agreed to pay another $2.8 billion in civil penalties. The thing is, the company doesn’t have the money for that, so they plan to simply close, or dissolve, the business as part of the settlement. “Its assets will be used to create a new ‘public...

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