AG Balks at Sanctions Play in Purdue Bankruptcy Case
After attorneys for the wealthy Sackler family proposed and quickly withdrew a motion to sanction several states, the attorney general of Connecticut called it an organized crime family intimidation tactic.
In this Oct. 21, 2020, file photo Purdue Pharma headquarters stands in Stamford, Conn. (AP Photo/Mark Lennihan, File)
HARTFORD, Conn. (CN) Colossally idiotic. Connecticut Attorney General William Tong had harsh words Friday when attorneys representing the family who owns the bankrupt OxyContin maker Purdue Pharma threatened a demand for sanctions against four states and the District of Columbia.
Purdue, which pleaded guilty last November for its role in contributing to the nation’s opioid epidemic, is seeking Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court in the Southern District of New York. Many states have opposed Purdue s bankruptcy reorganization, however, as they seek further liability from Purdu
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