Purdue Pharma Struggling To Clean Up The Mess
Just last month, Purdue Pharma had agreed to settle their lawsuit with Oklahoma over OxyContin, for at least $270 million, as a result of illegal marketing tactics that had been used to sell the controversial painkiller.
Now, they're facing another lawsuit update by Connecticut, as the AG there prepares plans to file an amended lawsuit against the company and its owners as well.
They've faced accusations of using deceptive marketing and distribution tactics, among other allegations.
It's been suggested that Purdue knowingly misled doctors about their products, when they sought to overstate the benefits and downplay the potential risks of the product.
Because of the controversy and mounting pressure against them over their Oxycontin product, they previously declared that they would drastically cut their US sales staff and stop marketing that product to doctors in the country, but many would say that the damage has already been done.
According to the AG for Connecticut, the expanded lawsuit is going to include directors of the company, shareholders, and officers, who are named as defendants. They will be bringing up more specific details about the alleged misconduct that the company engaged in, particularly with a focus on allegedly highlighting the controversial efforts to boost sales and push addiction.
Purdue and the family behind the company continue to deny the allegations that have been brought up. They've previously attempted to ask the court to toss out suits that have been launched against them over the opioid crisis.
But Connecticut's AG says that the company and the family behind it aren't going to be allowed to "cry poverty” so easily, seeing as it's alleged that they transferred hundreds of millions of dollars fraudulently to members of the family, in an effort to allegedly try and evade liability.
Other states have already filed lawsuits against the company, including Illinois, Oregon, New York, and many more. Purdue executives and directors continue to deny the allegations that have been made and are expected to continue defending themselves against what they say are misleading and cherry-picked attacks.
Pics:
pixabay
What are your thoughts on this @doitvoluntary in regards with a company being sued over deceptive marketing seeing that you are of the opinion that anarchy is the solution (as opposed to government) and what would the situation look like in your view without courts of law?
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I too am curious to hear how @doitvoluntary would articulate an answer to your question. In my opinion these corporate criminals only exist because of government. Entity’s such as the DEA and FDA allow these drug dealers to amass vast fortunes with which they can bribe, coerce, and even “eliminate” anyone who gets in the way of their multimillion dollar marketing schemes.
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Except that the very first recorded monopoly was not with the help of the state/government at all, but by sheer willpower and experiment of one single individual. He managed to corner the market on olive presses and he could have ruined an entire country if he wanted to. Yes, the corporate criminals are aided by what many believe to be government, but it's no stretch of the imagination to consider that wealth can be used as a weapon and consolidate in such a way that it makes it extremely difficult to compete and very unprofitable. Hence without a system of arbitration under which even the most powerful can be vice like squeezed into we are at best at their whims. Yes, the system needs to be constantly checked and any rot swiftly removed, and without the diligence to do so it is no wonder that the system is in misuse.
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In an environment where everyone is equal under the law, large corporations would lose their special protections. They would no longer be protected by double standards. If they were sued successfully in a Rights Enforcement Agency's court or similar and chose to ignore the finding, they would lose the protection of that court in the future. There would be consequences basically for them ignoring such "private dispute resolutions." Their customers would be made aware of their decision too. Who would continue to do business with them then? Sure, it is not a perfect system, but a company's reputation would matter. Companies who abused their power would pay a price for that abuse within the market.
I'd say that the first monopoly formed was the state 😂👍 and any system that doesn't respect the consent of the individual to opt in or out, is nothing short of a system of slavery.
It is hard to imagine what standards might exist in a non-existent world. It is alleged that not only did Purdue use deceptive marketing practices but they also then pushed ppl onto higher doses of what they knew full well was addictive, while downplaying the addictive nature, and they had admitted to misleading doctors, regulators, and patients.
I see deceptive marketing tactics to constitute fraud, and you must already know that not all anarchists agree on how to define aggression or what actions might constitute aggression, though fraud has generally been included. As always, with the FDA and drug war, it is clear that government has contributed tremendously to the problem.
An alt fix? There would still be private dispute resolution methods available in a free market but the free market by nature cannot provide such a blueprint for how it might deal with every scenario that springs up.
Some people might want to spend their lives policing cockroaches to make sure that the central mob that violates their individual liberty on a daily basis is "doing what they should," we could just "vote harder," but such a path certainly isn't appealing by any stretch of the imagination; not to me at least. I've never been a fan of trying to get slavery to "work right" or more effectively, I prefer freedom👍👍
Not to get into the legitimacy of people consenting to no one (Declaration of Independence /Definitive Treaty of Peace) Vs the corporation which was hired to provide services to the public (The Constitution) but how or why would someone in the shoes of Purdue go to "private dispute resolution" and concerning that, why would you trust a private company to resolve disputes when they could just as easily if not even more go with the higher bidder or with whomever doesn't have the sheer weight of wealth to demolish them, free market style just like the first monopoly, by willpower and wealth?
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