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Bankruptcy Judge Approves $7M In Bonuses For 5 Purdue Pharma Executives

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Douglas Healey
/
AP

This week, a bankruptcy judge approved million-dollar bonuses for five executives at Stamford-based Purdue Pharma, a company at the center of the nation’s opioid epidemic.

CEO Craig Landau and four other executives will get a total of about $7 million through the bonuses. That comes after a judge approved millions for company-wide bonuses earlier this year.

The company has been in bankruptcy court since 2019. It settled with the U.S. Justice Department for more than $8 billion last year over its promotion of the painkiller Oxycontin.

Attorney General William Tong said in a statement that Purdue’s leadership continues to make decisions that do not confront and end the opioid epidemic.

Davis Dunavin loves telling stories, whether on the radio or around the campfire. He started in Missouri and ended up in Connecticut, which, he'd like to point out, is the same geographic trajectory taken by Mark Twain.