McKinsey & Company agrees to pay $650 million to settle federal criminal and civil investigations into its role in helping Purdue Pharma ’turbocharge’ sales of OxyContin, the highly addictive opioid painkiller at the center of America’s overdose epidemic. This marks the first …
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On June 27, 2024, the U.S. Supreme Court blocked Purdue Pharma’s $6 billion bankruptcy settlement that would have granted the Sackler family—who extracted over $10 billion from Purdue while the company fueled the opioid epidemic—broad immunity from all current and future civil lawsuits. The …
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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 …
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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 December 16, 2021, U.S. District Court Judge Colleen McMahon overturned the controversial bankruptcy settlement that would have granted the Sackler family immunity from opioid-related lawsuits in exchange for $4.5 billion. Judge McMahon ruled that bankruptcy courts do not have the authority to …
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On November 23, 2021, a federal jury in Cleveland found CVS, Walgreens, and Walmart liable for contributing to the opioid crisis in Lake and Trumbull counties in Ohio. After a six-week trial and five and a half days of deliberation, jurors concluded that the pharmacy chains contributed to a public …
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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 …
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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 …
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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 …
On August 26, 2019, Cleveland County District Judge Thad Balkman delivered a landmark $572 million judgment against pharmaceutical giant Johnson & Johnson for the company’s role in fueling Oklahoma’s opioid epidemic. The decision marked the first time a drugmaker was held culpable in …
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On October 26, 2017, President Trump declared the opioid crisis a public health emergency—but the declaration provided no new funding and stopped short of the national emergency designation Trump had promised in August. The move was widely criticized as a hollow gesture that failed to match the …
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On March 15, 2016, the Centers for Disease Control and Prevention released its first-ever “Guideline for Prescribing Opioids for Chronic Pain”—twenty years after Purdue Pharma launched OxyContin with aggressive marketing based on false addiction claims, and nine years after …
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West Virginia emerged as the epicenter of the opioid crisis, with the highest rate of drug overdose deaths in 2015 at 41.5 deaths per 100,000 people—nearly three times the national average. From 2007 to 2012, drug wholesalers shipped 780 million hydrocodone and oxycodone pills to the state, …
On April 5, 2010, the FDA approved Purdue Pharma’s reformulated OxyContin designed to make it more difficult to crush, snort, or inject—14 years after the original drug’s launch and three years after the company’s guilty plea to criminal misbranding. Purdue ceased shipping the old …
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 …
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Purdue Pharma’s lucrative bonus system paid sales representatives an average of $71,500 in annual bonuses—more than their $55,000 base salary—with bonuses ranging from $15,000 to nearly $240,000. In 2001 alone, Purdue paid $40 million in sales incentive bonuses, systematically incentivizing …
The FDA approved Purdue Pharma’s OxyContin application, including a scientifically unsubstantiated claim that delayed absorption ‘is believed to reduce the abuse liability of a drug.’ This approval occurred without clinical trials to prove the safety claim and marked the beginning …
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In a landmark case of regulatory capture, Dr. Curtis Wright IV, leading the FDA’s Division of Anesthetic, Critical Care, and Addiction Drug Products, approved OxyContin with controversial language that misrepresented the drug’s addictive potential. Wright held private meetings with …
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