Lebanon guide, Lebanon news, Lebanon web resources... Lebanon Home - Help
Lebanon - LebWeb.com
Main   Lebanon Guide     Lebanon News  
September 19, 2019
  Advanced - Global
Home > Lebanon News > News Story
Lebanon News
EXCLUSIVE-JPMorgan cuts ties with OxyContin maker Purdue Pharma -sources
Thu, 23 May 2019 14:08:33 -0400

JPMorgan Chase & Co has cut ties with Purdue Pharma LP over the OxyContin maker's alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill payments, people familiar with the matter said on Thursday. The move makes JPMorgan, the largest U.S. bank by assets, the most high-profile corporation known to have distanced itself from Purdue and its wealthy owners, the Sackler family, amid thousands of lawsuits alleging the company pushed addictive painkillers while downplaying their abuse and overdose risks. JPMorgan's decision also underscores a drive among U.S. banks to reassess their relationships with clients and industries in response to controversy and political de read the full story...

More Lebanon News
How Iran Would Unleash an 'All Out War': Lots of Missiles
California Democratic donor charged with running drug house
Michelle Malkin Smears Cokie Roberts on the Day of Her Death: 'One of the First Guilty Culprits of Fake News'
The F-35 Is About to Enter Beast Mode
Man who allegedly changed adopted daughter's age then abandoned her turns himself in
California's Ban on School Suspensions Invites Another Parkland
Dascha Polanco dishes on her journey to body positivity
Russia detains shaman on mission to 'banish Putin'
Lewandowski hearing descends into theatrics
Gamble pays off for Lieberman, who becomes Isreali kingmaker
More News  |  Newspapers  |  Daily Cartoons

Lebanon Home - About Us - Contact Us - Privacy - Help © 2001 - 2019 LebWeb.com. All rights reserved.