Purdue's Law Firms Must Return Retainers, US Trustee Says

Law360 (November 14, 2019, 1:29 PM EST) -- The U.S. trustee in Purdue Pharma LP's bankruptcy case has objected to the company's bid to let its law firms, including Skadden and Davis Polk, keep the retainers they were paid before Purdue's bankruptcy filing, saying the move unfairly favors those firms over other creditors in the case.

U.S. Trustee William K. Harrington told the New York bankruptcy court on Wednesday that Davis Polk & Wardwell LLP, Skadden Arps Slate Meagher & Flom LLP and WilmerHale will already be receiving monthly payments from Purdue and so they don't need to hold on to the retainers as security against the company failing...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!