- JPMorgan Chase & Co has cut ties with Purdue Pharma LP over the OxyContin maker’s alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill payments, people familiar with the matter said on Thursday.
JPMorgan’s decision also underscores a drive among U.S. banks to reassess their relationships with clients and industries in response to controversy and political debates over matters such as immigration detention and mass shootings. While not a lender to Purdue, JPMorgan’s commercial bank managed the company’s cash and bill payments, according to the sources. It is not clear how long JPMorgan served as Purdue’s bank.
Purdue denies it contributed to the U.S. opioid crisis, pointing to U.S. Food and Drug Administration approvals of labels for the company’s drugs that carried warnings about risk and abuse associated with treating pain. Purdue and its family owners argue that heroin and fentanyl are currently more significant culprits in the opioid epidemic.
In New York, The Metropolitan Museum of Art, which has a wing named for the Sacklers, and the American Museum of Natural History, said earlier this month they had ceased accepting donations from the family.
Hb!
Bottled bliss. The price is your life.
They don‘t make enough money anymore. While those criminals were milking JP Morgan was advertising for them. Wonder who is the associate criminal
So those of us that are chronic pain patients should just go ahead and die now?
I hope that they sue.
So, just now that happened? Honestly, the years of this mounting didn't get them to cut ties? 🤨
That horse left the barn years ago and if you’re leaving now your hands are covered with filthy profits.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Five more U.S. states sue OxyContin maker Purdue Pharma over opioid epidemicIowa, Kansas, Maryland, West Virginia and Wisconsin joined 39 states to file lawsuits targeting Purdue Pharma and its leaders, including former president Richard Sackler and his family. Officials accused Purdue Pharma of repeatedly making false and deceptive claims that opioids, including OxyContin, nycsouthpaw Put them out of business. this Proves the Majority of the leaders of these states do not have confidence in CEOs to make the decisions about customer's health.. 'CEOs were supposed to replace the government, said eric cantor over a decade ago.. Boy he was really stupid.. he is a jew though.. most r aloof
Source: YahooNews - 🏆 380. / 59 Read more »
Five more U.S. states sue OxyContin maker Purdue Pharma over opioid epidemicFive U.S. states on Thursday filed lawsuits accusing Purdue Pharma LP of illegal... Next J & J People should know who has always being behind the whole thing Good!
Source: Reuters - 🏆 2. / 97 Read more »
Five more states sue OxyContin maker Purdue Pharma for opioid epidemicFour of the states — Iowa, Maryland, Wisconsin and West Virginia — also sued the company's former president Richard Sackler. About time If the aftermath of the financial crisis of 2008 is anything to go by. No one of importance who actually had a real hand in crafting the policies that got us here will see one day of jail time. Sad truth that justice seems to no longer apply to those at the top. I'm trying not to be a total hypochondriac down shouting out everyone is a weenie type of person today so tell me more about how the mental illness of addiction is the number 1 killing mental illness
Source: NBCNews - 🏆 10. / 86 Read more »
Purdue Pharma Hit With Fresh Round of Opioid LawsuitsSix more states launched legal actions this week against Purdue Pharma alleging the company misled the public and medical communities about the addictive risks of its OxyContin prescription painkiller. All states and territories should do the same The 4th largest cause of death is prescription drugs. Wow, they won’t even let the drug pharmers crossbow people in the face anymore. That’s messed up. How are they supposed to make money if they can’t axe pigeons. Where’s the money?
Source: WSJ - 🏆 98. / 63 Read more »
Congressional report: Purdue Pharma influenced World Health Organization’s opioid guidelinesA bipartisan investigation alleges the international group took directions from the drugmaker’s marketing and sales strategies. They also influenced democrats as well.
Source: washingtonpost - 🏆 95. / 72 Read more »
U.N. agency is accused of helping Purdue Pharma make opioid epidemic globalTwo members of Congress accused the World Health Organization of helping Purdue Pharma use the same “propaganda campaign” that fueled the opioid epidemic in the U.S. to expand drug sales internationally. Leading source of fake news Profit is more important to the shareholders. 🖕 Dope is tragic example of 'supply & demand.'
Source: NBCNews - 🏆 10. / 86 Read more »
Exclusive: Banks to invest around $50 million in digital cash settlement project - sourcesSeveral of the world's largest banks are in the process of investing around... annairrera Wow!!!! Wolves badges are the new currency. Dig them out lads n lassies we’re all gonna be fckn minted!!!!!! annairrera 'digital cash'... but with TOS..
Source: Reuters - 🏆 2. / 97 Read more »
Exclusive: FBI targets Johnson & Johnson, Siemens, GE, Philips in Brazil graft case - sourcesThe FBI is investigating corporate giants Johnson & Johnson, Siemens, General El... bradleybrooks Yet the fbi let's rampant corruption continue from the White House. bradleybrooks Always Brazil . I'm sick of that! bradleybrooks Odebrecht 2.0
Source: Reuters - 🏆 2. / 97 Read more »
Exclusive: Tencent and Riot Games developing mobile version of League of Legends -sourcesChina's Tencent Holdings Ltd is working with its U.S. unit Riot Games to de... Where do I invest
Source: Reuters - 🏆 2. / 97 Read more »
Exclusive: Google suspends some business with Huawei after Trump blacklist - sourceExclusive: Google suspends some business with Huawei after Trump blacklist, sources tell angelamoon00 IF... If anyone in the US (or anywhere in the West at all really) owns one of these spy devices, smash it immediately and throw it in the garbage where it belongs. Huawei And Huawei’s products in China have no impact.
Source: Reuters - 🏆 2. / 97 Read more »
Exclusive: India watchdog probes allegations of anti-competitive conduct by Maruti - sourcesEXCLUSIVE: India's antitrust regulator is looking into allegations that Maruti Suzuki, the country's biggest car maker, resorted to anti-competitive practices by controlling how its dealers discounted cars by AditiShahsays AdityaKalra aditishahsays adityakalra aditishahsays adityakalra 我爱中国
Source: Reuters - 🏆 2. / 97 Read more »