Justice Department Wants $11 Billion in Purdue Pharma Bankruptcy
- Date: 05-Aug-2020
- Source: Bloomberg
- Sector:Financial Services
- Country:Oman
Justice Department Wants $11 Billion in Purdue Pharma Bankruptcy
The U.S. Department of Justice is demanding Purdue Pharma LP, maker of the infamous OxyContin opioid painkiller, pay more than $11 billion in criminal and civil penalties as part of its bankruptcy reorganization plan, according to people familiar with the claims.Federal prosecutors want Purdue to pay as much as $6.2 billion on the criminal side and about $5 billion in civil compensation for tax dollars spent battling the U.S. opioid epidemic and the havoc wreaked by allegedly illegal marketing of the drug,