Purdue Says It May Have To Push Back Ch. 11 Schedule

By Rick Archer (May 20, 2021, 3:17 PM EDT) -- Drugmaker Purdue Pharma told a New York bankruptcy judge Thursday that it may not be able to keep to the schedule it set for its Chapter 11 case, saying it is hitting some "intractable" issues as it negotiates the terms of its restructuring.

At a virtual hearing that was supposed to have seen Purdue ask U.S. Bankruptcy Judge Robert Drain to approve the disclosure statement for its Chapter 11 plan, the company's counsel instead told Judge Drain it may not have the statement ready by next week's scheduled hearing, putting its scheduled August plan confirmation hearing out of reach.

"We're not...

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!