TIME: Ex-CEO Laurence Doud Is First Drug Company Executive Indicted in Opioid Crisis: Prosecutors

TIME Current & Breaking News | National & World Updates

Ex-CEO Laurence Doud Is First Drug Company Executive Indicted in Opioid Crisis: Prosecutors Apr 23rd 2019, 17:09, by Associated Press (NEW YORK) — The former head of a drug distributor has been indicted on what federal prosecutors say are the first-ever criminal charges against a drug company executive stemming from the opioid crisis. The indictment unsealed Tuesday alleges former Rochester Drug Co-Operative CEO Laurence Doud III ordered subordinates to ignore red flags about certain customers to maximize company revenues and his own pay. The Rochester, New York-based company was also charged. The company said it has a deferred prosecution agreement, will pay a $20 million fine to resolve a civil complaint and is implementing a “world-class compliance program.” Doud’s lawyer said he intends to “fully defend” himself against the criminal charges. Doud alleges in a lawsuit that Rochester Drug Co-Operative tried using him as a scapegoat for its legal problems. Media files: Open bottle of prescription medication

You are receiving this email because you subscribed to this feed at blogtrottr.com. By using Blogtrottr, you agree to our policies, terms and conditions. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions.