Judge Juan Merchan granted an indefinite postponement of Donald Trump’s sentencing on 34 felony convictions, effectively acknowledging that Trump’s election victory had made it impossible to sentence him in the foreseeable future. The postponement - from a scheduled November 26 …
On May 30, 2023, the United States Court of Appeals for the Second Circuit reversed U.S. District Judge Colleen McMahon’s December 2021 ruling, holding that bankruptcy courts do have authority to approve non-consensual third-party releases. The divided 2-1 decision reinstated the Purdue Pharma …
On February 25, 2022, Johnson & Johnson and three major drug distributors—McKesson, Cardinal Health, and AmerisourceBergen—finalized a $26 billion national settlement to resolve thousands of opioid lawsuits from states, counties, cities, and Native American tribes. Despite the record settlement …
On September 1, 2021, U.S. Bankruptcy Court Judge Robert Drain approved a bankruptcy settlement granting the Sackler family “global peace” from civil liability for the opioid epidemic, despite vigorous opposition from the Department of Justice and nine state attorneys general. The ruling …
Supreme Court dismissed all three pending emoluments clause lawsuits against Trump as moot after he left office, including CREW v. Trump, DC/Maryland v. Trump, and Blumenthal v. Trump (200+ Democratic members of Congress). The Court vacated lower court decisions that had allowed cases to proceed, …
On October 21, 2020, the Department of Justice announced a settlement totaling more than $8 billion with Purdue Pharma—touted as the largest penalties ever levied against a pharmaceutical manufacturer—yet the settlement allowed the Sackler family to keep the vast majority of billions extracted from …
Documents released in late 2020 in federal bankruptcy court revealed that elite management consulting firm McKinsey & Company worked closely with Purdue Pharma and the Sackler family, developing detailed plans to “turbocharge” OxyContin sales at a time when opioid abuse had already …
On September 15, 2019, Purdue Pharma filed for Chapter 11 bankruptcy protection after facing thousands of lawsuits from states, local governments, Native American tribes, and victims related to the opioid crisis. The bankruptcy filing was a strategic maneuver designed to shield the billionaire …
The FTC announces a record $5 billion fine against Facebook for privacy violations related to Cambridge Analytica, but grants unprecedented immunity from personal liability to Mark Zuckerberg and other executives for past misconduct while imposing no structural changes to the company’s …
On August 2, 2018, the Trump administration’s Securities and Exchange Commission (SEC) dropped its two-year investigation into how ExxonMobil factors climate change regulations into its calculations of asset values. The SEC informed the energy giant in a letter dated Thursday that it would …
Facebook CEO Mark Zuckerberg testifies for 10 hours before Congress, apologizing for data breaches and promising reforms while avoiding real accountability for platform’s role in election manipulation
On May 10, 2007, Purdue Pharma pleaded guilty to a felony charge of illegally misbranding OxyContin in an effort to mislead and defraud physicians and agreed to pay $600 million—representing approximately 90 percent of OxyContin profits during the offense period. The company admitted to misleading …
Between 2000 and 2020, approximately 500,000 Americans died from opioid-involved overdoses, representing one of the most devastating preventable public health catastrophes in American history. The death toll resulted from a combination of aggressive pharmaceutical marketing, regulatory capture, and …