Articles by Nate Raymond

Family Behind Purdue Pharma Pushed Opioid Marketing, Massachusetts Says

Members of the wealthy Sackler family behind Purdue Pharma LP pushed it to boost sales of OxyContin and other opioids even as questions emerged about the extent its painkillers were being abused, Massachusetts’ attorney general alleged on Tuesday. Attorney General …

Former Insys CEO Pleads Guilty to Opioid Bribes; Agrees to Work with Prosecutors

The former chief executive of Insys Therapeutics Inc. pleaded guilty on Wednesday to participating in a nationwide scheme to bribe doctors to prescribe an addictive opioid medication and has agreed to become a government witness. Michael Babich, who resigned as …

Supreme Court Won’t Hear Bid to Reinstate Trinity Guardrail Fraud Judgment

The U.S. Supreme Court on Monday turned away a whistleblower’s bid to revive a $663.4 million judgment against Trinity Industries Inc. in a lawsuit accusing the company of failing to tell a federal agency about changes made to a guardrail …

Exxon Bid to Halt Climate Change Probes Rejected by U.S. Supreme Court

The U.S. Supreme Court on Monday cleared the way for the attorney general of Massachusetts to obtain records from Exxon Mobil Corp to probe whether the oil company for decades concealed its knowledge of the role fossil fuels play in …

Former Insys CEO Babich Pleads Guilty to Opioid Prescription Bribe Scheme

The former chief executive of Insys Therapeutics Inc. has agreed to plead guilty to participating in a scheme to bribe doctors to prescribe a powerful opioid medication in order to boost its sales, U.S. prosecutors said on Wednesday. Michael Babich, …

Judge Blocks New York from Enforcing Opioid Surcharge on Companies

A Manhattan federal judge blocked New York state from enforcing a recently enacted law that aimed to collect $600 million from drug manufacturers and distributors to defray the costs of combating the opioid addiction epidemic. U.S. District Judge Katherine Polk …

Olympus to Pay $85 Million for Failing to Report Medical Device Contamination Risks

An Olympus Corp. subsidiary pleaded guilty on Monday and agreed to pay $85 million to resolve charges that it failed to file reports with U.S. regulators regarding infections connected to its duodenoscopes while continuing to sell the medical devices used …

Medtronic Ends U.S. Medical Device Probes with $51 Million Payment

Medtronic Plc said on Tuesday it would pay $50.9 million to resolve U.S. Justice Department probes into how companies it later acquired marketed medical devices, including one meant to treat a vascular defect in the brain. As part of the …

Criminal Investigation of NiSource Launched Over Massachusetts Gas Explosions

Federal prosecutors have launched a criminal investigation of utility company NiSource Inc over gas explosions and fires in three Massachusetts communities that killed one person and injured at least 21 others in September, the company disclosed on Thursday. Grand jury …

Lawsuit Targets Massachusetts Utility Over Deadly Gas Explosions

A resident of a Massachusetts city rocked by last week’s deadly gas blasts that damaged dozens of homes sued utility operator NiSource Inc on Tuesday, accusing it of inadequately maintaining its distribution system. The proposed class action lawsuit targets NiSource …