Corporate headquarters of Purdue Pharma in Stamford, Conn. Photo: Douglas Healey/AP
The letter was in response to a filing last week from attorneys for Purdue Pharma, which is seeking to pay out $34 million in bonuses for employees who had exceeded their target performance goals.
September 23, 2019 at 05:28 PM
1 minute read
The leader of New York state’s top financial regulatory agency blasted efforts by Purdue Pharma on Monday to pay out $34 million in bonuses to its employees as part of the company’s bankruptcy proceedings, citing the state’s ongoing investigation into the opioid industry.
New York Department of Financial Services Superintendent Linda Lacewell urged a federal bankruptcy judge in a letter to reject the company’s request, citing the damage done through the country’s opioid crisis.
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