Purdue Pharma Pleads Guilty to Felonies Over OxyContin Sales

Purdue Pharma LP pleaded guilty to three federal felonies related to the marketing and distribution of its powerful opioid painkiller OxyContin, ending the bankrupt company’s exposure to U.S. government action but leaving other liabilities to state and local governments looming.

The guilty plea on Tuesday follows the approval last week by a U.S. bankruptcy court judge of an $8.34 billion settlement between Purdue Pharma and the Justice Department. Most of that money is unlikely to be paid; the government has agreed to treat…

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