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U.S. adds almost 63K COVID-19 cases, more than 1,100 deaths. As part of the bankruptcy proposal, the Sackler family has agreed to relinquish ownership of the company, which now has a shrinking base of revenue amounting to a few hundred million dollars a year. Prosecutors said the penalties are the largest ever imposed on a pharmaceutical company, and that Purdue will pay a criminal fine of $3.5 billion and $2 billion in criminal forfeiture. Such an arrangement would entail the new firm’s governance by a trust. In response to the more than 2,000 lawsuits against Purdue Pharma, museums, universities and other cultural institutions have severed ties with the family, even going as far as removing their names from plaques and signs. The company aggressively marketed the drug and its timed-release properties to doctors for use in patients with chronic pain. Purdue Pharma makes pain medicines such as hydromorphone, oxycodone, fentanyl, codeine, and hydrocodone. Purdue and the Sacklers’ agreements with the Justice Department do not include the release of the Sacklers or any other individuals from criminal liability. Purdue Pharma agrees to plead guilty to federal criminal charges in settlement over opioid crisis, Texas woman dies of covid-19 on a Spirit Airlines flight from Las Vegas, 3.8% of dishes at vegetarian festival test positive for meat, Netflix new subscriber sign-ups plummeted over the summer, marking the end of pandemic-fueled growth, How the Sturgis Motorcycle Rally may have spread coronavirus across the Upper Midwest, Mulberry launches first fully sustainable leather tote, Three confirmed killed in Samut Prakan gas blast, Limping student protest leader charges royalist group with assault, SET slumps over delay in US stimulus measures, political unrest, Human rights activist says PM’s response to protesters is insincere, Police hunt for yellow shirts who hurt Ramkhamhaeng University protesters, Strong Business Matching Results at Thailand Subcon Show Despite Covid-19, BOI Says, Booming Digital Industry boosts Thailand’s Smart Electronics, COVID-19 Spurs Thailand’s Rise as Global Medical Hub, Investors Taste Success in Thailand’s “Kitchen of the World”, BCG ECONOMY AS ANSWERS TO MANY CHALLENGES, BCG ECONOMY THRIVING ON RICH BIODIVERSITY AND TECHNOLOGICAL STRENGTHS, German ex-boxer held for allegedly growing marijuana at rented Chiang Mai house, Ratsadon to PM: Resign or we will intensify protest, Bangkok no longer under ‘severe’ state of emergency, Law deans urge court to revoke ‘severe’ state of emergency. The family's $225 million civil settlement with the government stems from its drive, as past directors of the company, to increase OxyContin sales. About 2,800 cities, counties, Native American tribes and other groups have sued drug retailers, distributors and manufacturers, including Purdue, in a mammoth case that has been consolidated before a federal court judge in Cleveland.
In that case, it pleaded guilty in federal court to misbranding OxyContin, resulting in $635 million in company and individual penalties.

I am not done with Purdue and the Sacklers, and I will never sell out the families who have been calling for justice for so long.”.
“The abuse and diversion of prescription opioids has contributed to a national tragedy of addiction and deaths, in addition to those caused by illicit street opioids,” Deputy Attorney General Jeffrey Rosen said in a statement.

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