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News Perdue Pharma pays large settlement

Grey_Beard

Grey_Beard

Golden Member
Looks like there is an agreement for the OxyContin maker to pay the federal government $8.3 Billion. This does not impact any State actions. This is just the beginning for them.

Purdue Pharma to plead guilty to federal criminal charges related to opioid crisis https://www.cnn.com/2020/10/21/business/purdue-pharma-guilty-plea/index.html

www.wsj.com

Purdue Pharma Reaches $8.34 Billion Settlement Over Opioid Probes

The settlement, which includes guilty pleas, helps clear the way for the bankrupt OxyContin maker to pay cities and states that accuse it of fueling the opioid crisis.
www.wsj.com www.wsj.com
 
hal2kilo said:
Any humans that ran the Corporation being charged? Nah, didn't think so. Those dastardly corporations.
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Not only are none of the people being charged but the Sacklers are being allowed to walk away with more money from profiting from destroying lives than they're paying as "penalty."
 
Cool. Devastate the lives of hundreds of thousands of families. Get on the hook for 8 billion (or 26 billion if you look states involved). File for bankruptcy as a company. Collect your golden parachute on the way out. Pay 225 million (half of which probably ends up in the hands of lawyers) as a pittance slap on the wrist. Sail away to private estate.

Justice in America. MAGA.
 
What is this about Perdue winding up and being replaced by a "public benefits corporation" which still manufactures Oxy? Sounds like the government is going into the drug business.
 
ivwshane said:
Can we pretend if all of health care was government ran and this happened what would have been the outcome?
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There is no health care system in the world that is 100% done with governmental entities. The diversity needs a variety of companies. The payment part of it can be a single entity, but I am not even if a single entity paid everything that they would have caught this. If a company wants to push a product that addicts the population, there will be a time when they can, as the fiddler usually asks for payment after not during the dance.
 
Grey_Beard said:
There is no health care system in the world that is 100% done with governmental entities. The diversity needs a variety of companies. The payment part of it can be a single entity, but I am not even if a single entity paid everything that they would have caught this. If a company wants to push a product that addicts the population, there will be a time when they can, as the fiddler usually asks for payment after not during the dance.
Click to expand...

Let’s pretend that such a thing exists. Let’s pretend that the government was sued for the same thing. What do you think the consequences would have been? Do you think the head of whatever department that ran it would receive any kind of compensation for their part in this? Do you think the government would have declared bankruptcy and washed its hands of the matter without giving any compensation to those affected?

The point is that there would have been accountability and restitution to those affected.

Companies that commit crimes and whose operators can simply walk away without losing money or paying no personal price means that corporations are not people my friend, they are better than that and enjoy more rights than people. That’s not right nor is there anything in the constitution that says that’s the way it should be.
 
ivwshane said:
Let’s pretend that such a thing exists. Let’s pretend that the government was sued for the same thing. What do you think the consequences would have been? Do you think the head of whatever department that ran it would receive any kind of compensation for their part in this? Do you think the government would have declared bankruptcy and washed its hands of the matter without giving any compensation to those affected?

The point is that there would have been accountability and restitution to those affected.

Companies that commit crimes and whose operators can simply walk away without losing money or paying no personal price means that corporations are not people my friend, they are better than that and enjoy more rights than people. That’s not right nor is there anything in the constitution that says that’s the way it should be.
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Understood. The issue is that we have not created the necessary infrastructure, regardless of government or corporation, for this. This means we need to pass laws that stipulate the personal responsibility for those in a company or within government for their actions that create an issue this severe.

If we pretend as you do, it could also be that this would go on even longer without being dealt with. The people responsible might not be dealt with since we have numerous examples of shenanigans in government and nothing happening. You mention reparations to those impacted. How is that working out for the slaves brought here 400 years ago?

I feel that the same people who let corporations do this, would have allowed government to do even more.
 
Grey_Beard said:
Understood. The issue is that we have not created the necessary infrastructure, regardless of government or corporation, for this. This means we need to pass laws that stipulate the personal responsibility for those in a company or within government for their actions that create an issue this severe.

If we pretend as you do, it could also be that this would go on even longer without being dealt with. The people responsible might not be dealt with since we have numerous examples of shenanigans in government and nothing happening. You mention reparations to those impacted. How is that working out for the slaves brought here 400 years ago?

I feel that the same people who let corporations do this, would have allowed government to do even more.
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I don’t think a government entity would have ever done this as there is no profit motive to warrant such malfeasance. Even if there was someone appointed to run such a department that was of questionable character (think of a trump nominee), the people working below them would have blown the whistle.
 
This is essentially robbing a bank for $100,000 and having to pay a $10,000 fine.

I wonder why corporations in this country have no problem maiming and killing Americans..
 
woolfe9998 said:
What is this about Perdue winding up and being replaced by a "public benefits corporation" which still manufactures Oxy? Sounds like the government is going into the drug business.
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Basically this. US govt is getting into the opioid game. lol.
 
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