Purdue Pharma LP has filed a new Chapter 11 plan with ... The Sackler family, which owns Purdue, will no longer have ownership interest or a role with the new firm, it added.

Purdue Pharma submitted a new bankruptcy plan Tuesday, which will give its creditors more than $7.4 billion in cash—including up to $7 billion in payments from the billionaire Sackler family ...

The $4.3 billion settlement also requires the family that owns Purdue Pharma to publicly disclose a plethora of documents on their role in the opioid crisis and subsequent litigation. (CN) — Attorneys ...

Members of the Sackler family who own the OxyContin maker Purdue Pharma would hand over the company and up to $7 billion in cash in the latest plan to settle thousands of lawsuits over the toll of ...

NEW YORK (Reuters) -Bankrupt drugmaker Purdue Pharma filed a new bankruptcy plan on Tuesday, a major step towards finalizing a proposed opioid settlement of at least $7.4 billion after a setback ...

In Harrington v. Purdue Pharma L.P., the Supreme Court held that the Bankruptcy Code does not authorize a bankruptcy court to grant a release and injunction that extinguishes direct claims against ...

“Purdue Pharma and the Sackler family’s greed seems ... their lawsuits against members of the Sackler family, which owns Purdue. {{description}} Email notifications are only sent once a ...

(Bloomberg) -- Purdue Pharma LP has filed a new Chapter 11 plan with the US ... according to a statement Wednesday. The Sackler family, which owns Purdue, will no longer have ownership interest or a ...