2020

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The Opioid Crisis: Another Pandemic Sweeping the Nation

For quite some time, Purdue Pharma has been regarded as a symbol of corporations profiting from America’s deadly addiction to opioid painkillers. Recently, the Justice Department announced a historic $8.3 billion settlement with the company. This fine is the largest such settlement ever reached with a pharmaceutical company. As part of the agreement, Purdue Pharma has agreed to plead guilty to three felonies. However, state authorities and several families who have lost loved ones to killer drugs believe that the Justice Department’s terms, including a $225 million civil settlement with the billionaire Sackler family that once ran the firm, are far too lenient.

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FinanceTrending

Goldman Sachs Pleads Guilty to 1MDB Scandal and Pays $2.9B Fine

Last Thursday, Goldman Sachs Group, Inc. agreed to pay a $2.9B fine to regulators for raising funds for 1Malaysia Development Berhad (1MDB), a Malaysian sovereign wealth fund tied to multiple cases of fraud and corruption. Dubbed as “one of the biggest financial scams in history,” the United States Department of Justice (DOJ) has led one of the world’s largest investment firms to plead guilty after further investigations ensued.

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