Purdue, Employees To Pay $700M In OxyContin Case

Law360, New York (May 10, 2007, 12:00 AM EDT) -- The company that makes the narcotic pain killer Oxycontin and three former executives pled guilty Thursday to charges of misbranding the drug and agreed to fork over more than $700 million in payments to the government.

Purdue Frederick Company Inc., as well as its president Michael Friedman; chief legal officer Howard Udell; and former chief medical officer Paul D. Goldenheim pled guilty in the U.S. District Court for the Western District of Virginia to a misdemeanor charge of misbranding OxyContin. The pleas come in the same...
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