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A New York bankruptcy judge on Thursday denied a motion from parties appealing the confirmation of Purdue Pharma's Chapter 11 plan to bypass the normal appellate channels and bring their arguments directly to the Second Circuit.
In a somewhat unexpected development given his recent appointment to a second 14-year term a mere 5 years ago, Bankruptcy Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern District of New York...
Darren McCollester / Getty Images Originally published on July 8, 2021 1:41 am Fifteen states that led the effort to block a controversial bankruptcy plan for Oxycontin-maker Purdue Pharma have abandoned the fight. That's according to court documents filed by a mediator late Wednesday night as part of a federal bankruptcy proceeding in White Plains NY. Among the states that have agreed to sign on to the bankruptcy deal are Massachusetts and New York, whose attorneys general had mounted fierce legal opposition to the deal. "The negotiations were difficult and hard-fought, with the outc...
Darren McCollester/Getty Images toggle caption Darren McCollester/Getty Images Purdue Pharma faced an avalanche of lawsuits for alleged harm caused by its prescription opioid medicine OxyContin. A controversial bankruptcy deal expected to be finalized next month would block lawsuits against members of the Sackler family who own the firm. Darren McCollester/Getty Images Fifteen states that led the effort to block a controversial bankruptcy plan for OxyContin-maker Purdue Pharma have abandoned the fight. That's according to court documents filed by a medi...
CHARLESTON – A New York bankruptcy court order is allowing more than 270 additional claims to be filed on behalf of West Virginia children suffering from Neonatal Abstinence Syndrome. Last month, federal bankruptcy Judge Robert D. Drain issued an order in U.S. Bankruptcy Court for the Southern District of New York in Purdue Pharma’s bankruptcy case that allows the filing of 272 NAS claimant proofs of claim. ““It is now clear that many, many families did not receive notice of the Purdue bankruptcy,” attorney Booth Goodwin told The West Virginia Record. “We were certainly pleased t...