STAT Plus: Senators urge bankruptcy judge to prevent Purdue from paying its CEO a $3.5 million bonus
A group of U.S. senators is urging a bankruptcy judge to prevent Purdue Pharma from paying its chief executive officer, Eric Landau, a bonus worth up to $3.5 million, because he may have overseen “criminal activity” during his tenure at the infamous opioid maker.
Earlier this year, U.S. Bankruptcy Judge Robert Drain decided that Purdue was justified in giving Landau a bonus because it would help to keep him at the company, where he has been chief executive since June 2017. Purdue filed for bankruptcy a year ago as part of a tentative agreement with 24 states and thousands of cities and counties that sought to recover damages incurred by the opioid crisis.
Continue to STAT Plus to read the full story…
