Purdue Pharma - what is really the penalties?

Climber

Climber

Well-known member
Purdue Pharma to plead guilty to federal criminal charges related to opioid crisis
Purdue Pharma, the maker of OxyContin, has agreed to plead guilty to three federal criminal charges for its role in creating the nation's opioid crisis and will pay more than $8 billion and close down the company.

The money will go to opioid treatment and abatement programs. The privately held company has agreed to pay a $3.5 billion fine as well as forfeit an additional $2 billion in past profits, in addition to the $2.8 billion it agreed to pay in civil liability.
Click to expand...
They're holding a press conference, but I'm not liking the answers to the questions.

They are touting that the company pleaded guilty to 3 felonies...but, nobody individually got charged, so WTF does a felony for a company mean?

10's of thousands of people are dead due to the actions of this company, but it looks like none of the people involved are going to serve any jail time.

Thoughts?
 
Climber

Climber

Well-known member
I'm a strong believer that if company execs don't personally face criminal charges, they have very, very little reason to curb their actions.

We've seen this play out in numerous industries.
 
Climber

Climber

Well-known member
Unfortunately, our 'justice' system chooses to shelter the Execs of companies away from the justice from the decisions they made.

The end result is the predictable choices of choosing more profits over public safety.
 
Maddevill

Maddevill

KNGKAW
Absolutely nothing surprising here. The rich and corporations get an entirely different justice system than everyone else. It really, really sucks.

Mad
 
HappyHighwayman

HappyHighwayman

Warning: Do Not Engage
byke said:
If only people knew that drugs were bad for you.
Click to expand...

Unless you're drug man

hqdefault.jpg
 
Yakoo752

Yakoo752

USN
Climber said:
I'm a strong believer that if company execs don't personally face criminal charges, they have very, very little reason to curb their actions.

We've seen this play out in numerous industries.
Click to expand...

Sackler's will pay $225M or 1.7% of their net worth
 
Climber

Climber

Well-known member
Yakoo752 said:
Sackler's will pay $225M or 1.7% of their net worth
Click to expand...
Barely even a light slap on the wrist.

Hell, plenty of people pay far more (percentage-wise) for a speeding ticket.

If you're going to cause deaths, do it through a corporation, very little consequences.
 
Last edited:
mean dad

mean dad

Well-known member
Go to the doctors, they say. They know best, they say.

Man it's too bad people made the personal choice to take the medicine they were prescribed. Fuck 'em if they got hooked, they're weak.
 
Yakoo752

Yakoo752

USN
Oh and let's not forget the company is currently in bankruptcy court and lists very little assets on it's books.

So the $8B means little. There is no restitution and there will be no justice.
 
Climber

Climber

Well-known member
Yakoo752 said:
Oh and let's not forget the company is currently in bankruptcy court and lists very little assets on it's books.

So the $8B means little. There is no restitution and there will be no justice.
Click to expand...
From the article, the Sackles have a net worth of $13.2 Billion.

Sounds like they need to be sued directly.
 
Yakoo752

Yakoo752

USN
Privatized profits, socialize losses.

They agreed to the corporate criminal charges to protect their personal assets.
 
Climber

Climber

Well-known member
Yakoo752 said:
Yeah, $225M is the agreement.
Click to expand...
Whoever agreed to that should be put in front of a firing squad.

these people are criminals and a lot of people died as a direct result of their actions.

Sounds like a 'deal' was mad with a win/win for the feds and the family with nothing of substance for the victims and their families.
 
You must log in or register to reply here.
Top