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Sacklers Agree To Forgo Non-Opioid Ch. 11 Releases

By Rick Archer (August 27, 2021, 1:42 PM EDT) -- Purdue Pharma told a New York bankruptcy judge on Friday that its owners in the Sackler family will no longer be getting releases for non-opioid liability, but liability immunity related to opioid claims will remain, as the hearing on the final decision on its Chapter 11 plan has been postponed.

A New York bankruptcy judge postponed confirmation of Purdue's Chapter 11 plan until Wednesday. (AP Photo/Douglas Healey, File) At a virtual hearing, U.S. Bankruptcy Court Judge Robert Drain said he was delaying his decision on the confirmation of Purdue's Chapter 11 plan until Wednesday, turning what had been scheduled as the time...

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