NY Department Of Financial Services Issuing Subpoenas Against Opiate Suppliers

The New York Department of Financial Services has announced that it will be issuing dozens of subpoenas to individuals and companies associated with the pharmaceutical opioid industry.

State Governor Andrew Cuomo did not mince words when referring to the pharmaceutical companies’ tendency to obscure their products’ highly addictive nature. “I’ve seen a number of schemes and frauds, but the opioid scheme is as diabolical, as brazen, as obnoxious and as offensive as anything I’ve seen,” he commented on Tuesday.

Last year, the state’s attorney general sued Purdue Pharma, and NYC Mayor Bill de Blasio’s administration has sued the Sackler family of opioid kingpins who own Purdue, in addition to bringing charges against national chain pharmacies who made millions from hocking Oxycontin.

With this latest round of subpoenas, the governor hopes to initiate proceedings that will recoup over $2 billion that New Yorkers were overcharged in health care premiums as a result of insurance industry fraud.

His announcement comes on the heels of the first major ruling against pharmaceutical companies for their role in creating the US opioid crisis. In August, a judge ordered Johnson & Johnson to pay $572 million for its role in the death of the 6,000 Oklahomans

Read More Here…

Scroll to Top