OxyContin maker Purdue Pharma to plead guilty to federal criminal charges: DOJ


Department says it's reached more than $8 billion settlement with Purdue Pharma. Deputy Attorney General Jeffrey Rosen says the pharmaceutical giant has pleaded guilty to three federal criminal charges as part of the agreement. In addition, the company has agreed to a $3.544 billion criminal fine. And a $2 billion criminal forfeiture amount further on top of those to resolve its civil liability. Purdue Pharma has agreed to $2.8 billion in damages to the United States. The OxyContin maker was accused of paying kickbacks to prescribers and pharmacies. It has been widely accused of fueling the nation's opioid epidemic.

Coming up next