A judge has approved Purdue Pharma's $5 billion criminal sentence, clearing the final legal hurdle for the OxyContin maker to dissolve. The company will cease operations as part of a settlement stemming from its role in the opioid epidemic.
·Judge approves criminal sentence against Purdue Pharma, the last step required before dissolution
·The $5 billion sentence enables the company to complete its bankruptcy settlement
·Purdue Pharma, maker of OxyContin, is set to shut down operations entirely
·The settlement resolves criminal prosecution tied to the opioid epidemic
·Connecticut-based successor company to Purdue Pharma announces new CEO ahead of parent company's end
drawn from CT Insider, Medical Economics, Encyclopedia Britannica, CBS News · updated 15h ago