Governor Andrew Cuomo today announced the New York
State Department of Financial Services has initiated administrative
proceedings and filed charges against Mallinckrodt plc and its
subsidiaries, Mallinckrodt LLC and SpecGX LLC. These charges are the
first to be filed in DFS' ongoing investigation into the entities that created and perpetuated the opioid crisis.
"The
worst frauds are those that go beyond individual harm to
institutionalized systemic fraud - and the opioid scheme is no
exception," Governor Cuomo said. "The opioid
manufacturers knew how addictive and dangerous their products were and
they used it as a business model for their own financial gain at the
cost of thousands of human lives and billions of dollars. The damage
they have caused by creating and perpetuating the opioid epidemic that
is devastating our state and nation has been immeasurable, and we are
taking action to ensure these big pharmaceutical companies are held
responsible for their fraudulent practices."
Source: The Office of Governor Andrew M. Cuomo
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