3 ms·
How much of the $1B will be paid by Jones vs by Free Speech Systems? Free Speech Systems is a co-defendant in the Jones case and is likely the entity that will
by thwayunion 4y ago
How much of the $1B will be paid by Jones vs by Free Speech Systems? Free Speech Systems is a co-defendant in the Jones case and is likely the entity that will pay out the vast majority of the damages.
The Sackler family was listed alongside Purdue pharma. More importantly, personal liability in opioid cases goes FAR beyond civil damages. Dozens of physicians have received fines comparable in net worth to that fine Jones received. Much more important, those physicians have also received prison sentences. Opioid litigation is still ongoing, so the $26B is a floor not a ceiling, and the settlement didn't preclude further prosecution or litigation against a large number of potential defendants.
Jail time and additional financial penalties remain on the table and a real possibility, including for individual drug company execs and major shareholders. In fact, at least one drug co exec has already been charged criminally, found guilty, and received a prison sentence.
If any drug company exec or investor acted as brazenly as Jones has, they will certainly receive a huge financial penalty and a stiff prison sentence. Unfortunately, most of those people are much smarter than Jones so prosecution won't be nearly as open-and-shut.