Feds: Ex-CEO Is First Drug Exec Indicted in Opioid Crisis

The indictment alleges Laurence Doud III ordered subordinates to ignore red flags about certain pharmacy customers to maximize company revenues and his own pay.

  • Published 23 April 2019
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NEW YORK (AP) — The former head of a drug distributor has been indicted on what federal prosecutors say are the first criminal charges against a drug company executive to stem 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 pharmacy customers to maximize company revenues and his own pay, which more than doubled between 2012 and 2016 as… Read at AP News