Stay updated with breaking news from Robertd Drain. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The United States District Court for the Southern District of New York recently upheld a bankruptcy court decision that demonstrates the…
Timing adjustments and tweaks defused the limited objections to a $33.8 million bonus package for top officers and key employees of bankrupt Purdue Pharma LP, with the plan winning approval Wednesday from a federal bankruptcy judge in the Southern District of New York.
A preliminary injunction barring the pursuit of claims against bankrupt drugmaker Purdue Pharma LP and the Sackler family will be extended for at least another month as the parties await a Second Circuit ruling on an appeal of releases included in the company's confirmed Chapter 11 plan.
It was the first time, after years of lawsuits, that the family that owns Purdue Pharma heard directly from families who had lost loved ones to addiction.
A new settlement agreement was achieved on Thursday in the Purdue Pharma Bankruptcy Litigation. The case was originally filed in the New York Southern