3 BigLaw firms will give back $1M in Purdue Pharma legal fees in settlement with trustee
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Three large law firms have agreed to reduce fee applications by $1 million in their bankruptcy representation of Purdue Pharma, the maker of the prescription pain medication OxyContin, after the U.S. trustee alleged a failure to disclose a common interest agreement.
The three law firms are Skadden, Arps, Slate, Meagher & Flom; Wilmer Cutler Pickering Hale and Dorr; and Dechert, report Law360, Law.com and Bloomberg Law.
Although the firms maintain that the disclosure was adequate, they agreed to give up $1 million in pending and future fees in a settlement with the U.S. Department of Justice’s U.S. Trustee Program, according to an April 29 press release and the settlement agreement.
President Joe Biden and Vice President Kamala Harris, joined by the Presidential Cabinet members, pose for a Cabinet portrait Thursday, April 1, 2021, in the Grand Foyer of the White House. (Official White House Photo by Adam Schultz). By Adam Schultz - The White House, Public Domain, Link
Laurence H. Shoup is a California author and activist. He is the author of five books, including
The U.S. working class, led by people of color, has, at least temporarily, defeated the criminal Trumpian regime and the specter of the consolidation of gangster neofascism. Among its many crimes, this racist regime tried to overturn the results of a U.S. national election. Let us turn to an analysis of the new Joe Biden regime and the personnel and policies it is likely to follow, especially on the all-important questions of the climate crisis and U.S. grand strategy toward China.
Law Firms Representing Purdue Pharma to Pay US $1 Million: Justice Department
WASHINGTON Law firms representing opioid maker Purdue Pharma in the company’s bankruptcy will relinquish $1 million in a settlement with the U.S. Department of Justice’s trustee program, the department said in a statement on Thursday.
The settlement must still be approved the Bankruptcy Court for the Southern District of New York, the department said.
Purdue, maker of the OxyContin painkiller, filed for bankruptcy in September 2019 in the face of nearly 3,000 lawsuits accusing the company of fueling the national opioid crisis through deceptive marketing. It filed its bankruptcy plan in March.
April 30, 2021 By Jim Myers
Washington, D.C. President Joe Biden has nominated former Obama administration official Michael Connor of Colorado to be assistant secretary of the Army for civil works.
Currently a partner in the law firm of Wilmer Cutler Pickering Hale & Dorr, Connor served as deputy secretary of the Department of the Interior from 2014 until 2017.
According to the White House, he played a key role in establishing water policies to address an unprecedented western drought, promoting renewable energy development on public lands and the outer continental shelf, developing science-based strategies to support landscape-level management of public lands and improving the federal government’s fulfillment of its trust responsibility to Native Americans.
Purdue Pharma-hired law firms reach $1M settlement with DOJ
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Purdue Pharma is headquartered at 201 Tresser Blvd., in downtown Stamford, Conn.Matthew Brown / Hearst Connecticut Media
STAMFORD Three law firms hired by OxyContin maker Purdue Pharma have agreed to collectively relinquish $1 million in fees earned from the Stamford-based firm’s bankruptcy, as part of a settlement to resolve concerns about the adequacy of their disclosures during the bankruptcy proceedings, the Department of Justice announced Thursday.
The Justice Department’s U.S. Trustee Program, which focuses on protecting the integrity of the bankruptcy system, alleges that in their applications to be retained by Purdue during its bankruptcy the firms did not disclose that before the company’s September 2019 bankruptcy filing they each had entered into a written “joint defense and common interest agreement” on behalf of Purdue with other parties, including members of the Sackler fami