Tags: opioid | indctment

Ex-CEO Is First Drug Exec Indicted in Opioid Crisis

Ex-CEO Is First Drug Exec Indicted in Opioid Crisis
(Getty Images)

Tuesday, 23 April 2019 12:57 PM

The former head of a drug distributor has been indicted on what federal prosecutors say are the first-ever criminal charges against a drug company executive stemming from the opioid crisis.

The indictment unsealed Tuesday alleges former Rochester Drug Co-Operative CEO Laurence Doud III ordered subordinates to ignore red flags about certain customers to maximize company revenues and his own pay.

The Rochester, New York-based company was also charged. The company said it has a deferred prosecution agreement, will pay a $20 million fine to resolve a civil complaint and is implementing a "world-class compliance program."

Doud's lawyer said he intends to "fully defend" himself against the criminal charges. Doud alleges in a lawsuit that Rochester Drug Co-Operative tried using him as a scapegoat for its legal problems.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Newsfront
The former head of a drug distributor has been indicted on what federal prosecutors say are the first-ever criminal charges against a drug company executive stemming from the opioid crisis.The indictment unsealed Tuesday alleges former Rochester Drug Co-Operative CEO...
opioid, indctment
127
2019-57-23
Tuesday, 23 April 2019 12:57 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved