Breaking News Emails Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. SUBSCRIBE March 28, 2019, 4:28 PM GMT By Associated Press New York on Thursday sued the billionaire family behind OxyContin, joining a growing list of state and local governments alleging the drugmaker sparked the nation's opioid crisis by putting hunger for profits over patient safety. The state, which averages nine opioid-related deaths per day, amended an existing lawsuit against pill maker Purdue Pharma to add members of its controlling Sackler family as defendants. The state also added as defendants five other companies that produce opioid painkillers and, in what New York Attorney General Letitia James called a novelty, four drug distributors. "This is an extensive lawsuit that leaves no stone unturned," James, a Democrat, said at a news conference. The lawsuit seeks penalties and damages that could add up to tens of millions of dollars and a … [Read more...] about Opioid suit: New York targets billionaire family behind OxyContin
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Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Jennifer Peltz and Michael R. Sisak Associated Press March 28, 2019 NEW YORK (AP) — New York on Thursday sued the billionaire family behind Oxycontin, joining a growing list of state and local governments alleging the drugmaker sparked the nation’s opioid crisis by putting hunger for profits over patient safety.The state, which averages nine opioid-related deaths per day, amended an existing lawsuit against pill maker Purdue Pharma to add members of its controlling Sackler family as defendants. The state also added five other companies that produce opioid painkillers and four distributors as defendants.The lawsuit seeks penalties and damages that could add up to tens of millions of dollars and a dedicated fund to curb the opioid epidemic. It also seeks to have the companies stripped of their licenses and barred from marketing and distributing … [Read more...] about New York opioid lawsuit hits billionaire family behind OxyContin
Hillary Hoffower, provided by Published 11:26 am CST, Wednesday, February 20, 2019 The World in HDR/Shutterstock Luxury real estate in New York City isn't selling, a New York-based developer and architect told Mansion Global. That's not the only thing he finds surprising: Gimmicks, he said, are being used to sell luxury property, and it's working. It's part of a larger trend in which luxury apartment buildings are going to greater lengths to attract tenants by offering over-the-top amenities. In the world of New York City real estate, luxury is lingering on the market a hair too long. "Nothing's selling," Cary Tamarkin, a New York City developer and architect of Tamarkin Co., told Mansion Global when asked what was the biggest surprise in the luxury real-estate market. Tamarkin's designs include a luxury condo in the Upper West Side with penthouses worth $18 million and $22.5 million, The Real Deal reported. "No one has a crystal ball, so there's always a cycle at the … [Read more...] about There are 2 major surprises in today’s luxury real-estate market, according to a developer who’s designed multimillion-dollar New York City penthouses
A penthouse is traditionally known as the top-floor unit of a luxury residential building. But the definition of a penthouse is changing, Steve Gold, a luxury real estate broker and star of “Million Dollar Listing New York” told Business Insider. Now, “penthouse” is usually more of a marketing term that refers to a unit with a different layout from others in the building, ample outdoor space, and great views – but it’s not necessarily on the top floor. The evolving terminology can sometimes help real estate agents sell apartments for higher prices, but it can be confusing for buyers. When most people think of a penthouse, it’s the top-floor unit of a luxurious residential building that typically comes to mind. But in 2019, the definition of a penthouse has become murkier. In New York City in particular, prospective buyers must navigate terms such as “triplex penthouse” and “sky loft” and figure out why a unit … [Read more...] about There’s a big difference between what ‘penthouse’ used to mean and what it actually means now, according to a luxury real-estate broker and ‘Million Dollar Listing’ star
By Patrick May | [email protected] | Bay Area News Group PUBLISHED: January 24, 2019 at 11:54 am | UPDATED: January 24, 2019 at 11:55 am Even here in the exorbitantly priced Bay Area you could hear jaws drop Thursday as the word spread: A $238 million sale of a New York City penthouse just set a record as the most expensive home ever sold in the United States. The sale almost makes San Francisco’s top listing of $38 million this past fall seem laughable. “Griffin, the hedge fund billionaire who’s the richest man in Illinois, has closed on a penthouse at the Robert A.M. Stern-designed 220 Central Park South, a purchase that has long been rumored,” according to Curbed New York. “The final sale price: a whopping $238 million, which gives it the dubious distinction of being the most expensive home ever sold in the United States. It’s also close to the top of the list for the priciest home ever sold in the world, though according … [Read more...] about $238 million for a New York City apartment? No, you’re not hallucinating.