AG Shapiro Opposes Purdue Pharma’s Multi-Million Dollar Bonuses for Company Executives

October 3, 2019 | Topic: Criminal

HARRISBURG — Today, Attorney General Josh Shapiro filed a legal objection to Purdue Pharma’s $38 million dollar bonuses for company executives. The Attorneys General filed a joinder to the United States Trustee’s objection to Purdue’s authorization request for their multi-million dollar incentive, bonus, and severance plans. Purdue made this request just two weeks after declaring bankruptcy in the face of multi-billion dollar liabilities for its role in engineering the opioid epidemic that claims the lives of 12 Pennsylvanians every day.

“Purdue Pharma and the Sackler family’s greed seems to know no bounds,” said Attorney General Josh Shapiro. “After declaring bankruptcy to try to shield themselves from liability for the opioid epidemic that they engineered, they now want to pay their company executives millions of dollars in bonuses. Purdue Pharma and the Sackler family have profited billions of dollars from OxyContin, and yet they have gone to extraordinary means to avoid accountability for the crisis it fueled. Today I’m standing in firm opposition to these bonuses and demanding that Purdue Pharma and the Sackler family pay up for the devastation they have caused to the people of Pennsylvania.”

A copy of the filing can be found here.

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