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NEWARK, N.J. (AP) — OxyContin maker Purdue Pharma is set to be dissolved and replaced by a company focused on the public good by the week’s end, as a massive legal settlement resolving thousands of lawsuits takes effect.
Purdue reached a deal with the Justice Department in 2020 to resolve criminal and civil probes the company was facing.
The guilty plea and civil settlement with the federal government included $8.3 billion in forfeitures, fines and penalties.
Many asked Arleo, who at times appeared to be on the verge of tears, to reject the negotiated sentence.
“It is not lost on me that those who started the epidemic will not serve a sentence,” she said.
A Purdue lawyer said most of the lawsuits against the company over opioids did not include specific financial claims. »