Purdue Pharma Bankruptcy
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U.S. tells Supreme Court that Purdue bankruptcy settlement for opioid lawsuits abuses lawPurdue's bankruptcy plan would shield its Sackler family owners from opioid lawsuits in exchange for a US$6 billion contribution to the company's broader bankruptcy settlement.HealthJul 28, 2023
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Family owners of OxyContin maker Purdue Pharma to help pay out opioid lawsuitsThe company's bankruptcy plan will require the company's Sackler family owners to contribute nearly $4.3 billion to the settlement of nearly 3,000 lawsuits.HealthMar 16, 2021
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Purdue Pharma, maker of OxyContin, to stay in business despite bankruptcy filePurdue lawyers secured permission for the multibillion-dollar company based in Stamford, Connecticut, to maintain business as usual -- paying employees and vendors, supplying pills to distributors, and keeping current on taxes and insurance.WorldSep 17, 2019
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