In 2007, Purdue Pharma and three of its top executivesPresident Michael Friedman, Howard K. Udell, its top
Question:
In 2007, Purdue Pharma and three of its top executives—President Michael Friedman, Howard K. Udell, its top lawyer, and former medical director Dr. Paul D. Goldenheim—
agreed to pay $634.5 million in penalties to resolve a false marketing charge growing out of the company’s sale of OxyContin. Part of the sentence required the former executives to serve 400 hours each of community service in drug treatment programs. News outlets reported that the penalty, the largest ever paid by a drug company, represented nearly 90 percent of the profits Purdue Pharma initially made from the sale of OxyContin. Do you think this plea agreement is fair, even though the executives will serve no jail time?
Step by Step Answer:
Law And Ethics In The Business Environment
ISBN: 9780324657326
6th Edition
Authors: Terry Halbert , Elaine Ingulli