The consumer goods company 3M agreed to pay more than $6.5 million to resolve charges that it violated the Foreign Corrupt Practices Act after its China-based subsidiary took Chinese government officials on overseas trips in an attempt to convince them to purchase 3M products, the U.S. Securities and Exchange Commission (SEC) said.
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Nine families of victims of the 2012 Sandy Hook Elementary School mass shooting have reached a settlement in their case against the firearms maker Remington, according to several news reports Tuesday.
The settlement comes roughly seven years after the suit was filed, according to a court document filed Tuesday and reviewed by CNN.
Remington was the maker of the Bushmaster AR-15-style rifle used in the massacre in which the lone shooter killed 20 children and six adults in Newtown, Connecticut.
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Attorney General Keith Ellison announced Minnesota will get $50 million from the settlement of the state’s lawsuit against the Sackler family’s company Purdue Pharma, which manufactured the opioid drug Oxycontin that contributed to the deadly opioid crisis nationwide.
The resolution will make public more than 30 million documents related to Purdue’s role in the opioid crisis and require the Sacklers to pay $4.3 billion for prevention, treatment, and recovery efforts in communities across the country.
Minnesota’s share of those payments is expected to exceed $50 million over nine years, the spending of which will be overseen by the State’s Opioid Epidemic Response Advisory Council.
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A coalition of 15 states agreed to a deal with drug maker Purdue Pharma, which could soon lead to a $4.5 billion settlement over the company’s role in the U.S. opioid epidemic.
The states agreed to no longer oppose Purdue Pharma’s bankruptcy plan while the pharmaceutical company agreed to publicly release a trove of millions of documents, according to a court filing late Wednesday night. The Sackler family, which owns the company, would pay an additional $50 million under the settlement.
The agreement will be tacked onto a broader proposal that is set to be voted on by more than 3,000 plaintiffs, The New York Times reported. In addition to the states, plaintiffs include cities, counties and tribes that sued the company over its role in boosting its painkiller OxyContin, the cause of thousands of opioid deaths.
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