OxyContin producer Purdue Pharma will plead guilty to three federal criminal charges for the role that it played in the ongoing opiate crisis. On Wednesday, Justice Department officials said that the company will be pleading guilty as part of a settlement worth over $8 billion.
In the settlement, Purdue will pay $225 million directly to the government and will give up an additional $2 billion to the government through criminal asset forfeiture. The company also faces a $3.54 billion criminal fine, but this money may not be collected due to bankruptcy. Purdue also owes $2.8 billion in damages to cover lawsuits that victims have brought against the company.
The company will be pleading guilty to three federal charges, including conspiracy to defraud the United States and violating federal anti-kickback laws. The company admitted to pushing doctors to prescribe more opioids than they would have otherwise.naturalblaze OxyContin producer Purdue Pharma Pleads Guilty to Criminal Charges for Role in Opioid Crisis