Purdue Pharma pleads guilty to federal prosecution over nation’s opioid crisis

Steve Miller, chairman of the board of Purdue Pharma, pleaded guilty on behalf of the company in a virtual federal court trial before U.S. District Judge Madeline Cox Arleo.

The censuses include a double-ended conspiracy to deceive the United States and violate the Food, Drug, and Cosmetics Act, and two conspiracies to violate the federal anti-kickback statute.

By pleading guilty, the company is taking responsibility for past breaches of duty, Purdue Pharma said in a statement from CNN on Tuesday.

“Accepting our claim in federal court and taking responsibility for past misconduct is an essential step in preserving billions of dollars for creditors and addressing the opioid crisis to advance the goal of providing financial resources and life-saving drugs,” the statement said. .

“We are working tirelessly to build additional support for a proposed bankruptcy settlement that would direct the vast majority of clearing funds to state, local and tribal governments to alleviate the opioid crisis.”

The plea, announced in October, includes the largest sanctions ever imposed on pharmaceutical manufacturers, including a $ 3.544 billion criminal fine and the loss of an additional $ 2 billion in crime, the Justice Department said in a press release.

The company will be wound up as part of the legal basis agreement.

The Sackler family, as well as other current and former employees and owners of the company, continue to face the possibility of federal prosecution.

The court did not set a date for hearing the verdict.