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Mealeys

MLex

Purdue Pharma L.P.

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Case overview

Case Number:

7:19-bk-23649

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. November 10, 2022

    McKinsey Wants NY Opioid Suits Moved To Bankruptcy Court

    McKinsey & Co. is seeking to move a pair of New York state court suits over its alleged role in Purdue Pharma's opioid marketing efforts to bankruptcy court, saying there is a "strong interconnection" between the cases and Purdue's Chapter 11 case.

  2. June 21, 2022

    Revlon Case Opens, And LATAM Lands Its Ch. 11 Plan

    Cosmetics behemoth Revlon Inc. filed for bankruptcy in the midst of a liquidity crisis, a South American airline brings its Chapter 11 plan in for a landing, and the next phase in Puerto Rico's restructuring nears a creditor vote. This is the week in bankruptcy.

  3. June 15, 2022

    Judge Trims CEO's Bonus Pay At His Last Purdue Hearing

    A New York bankruptcy judge on Wednesday wound down more than two and a half years presiding over Purdue Pharma LP's contentious Chapter 11 with a ruling approving a trimmed-down incentive payment package for the opioid maker's CEO.

  4. May 24, 2022

    Week In Bankruptcy: Dioceses Settle; Wind-Downs Reined In?

    Three Roman Catholic dioceses are pushing for approvals of settlements for hundreds of sexual abuse claims in bankruptcy courts, a Delaware state court judge denied a litigation stay in a nonbankruptcy wind-down case, potentially signaling a crackdown, and Purdue Pharma executives got their bonuses approved. This is the week in bankruptcy.

  5. May 18, 2022

    Purdue Ch. 11 Bonus Plan Gets Court OK, CEO's Delayed

    Timing adjustments and tweaks defused the limited objections to a $33.8 million bonus package for key employees of bankrupt Purdue Pharma LP, with the plan winning approval Wednesday from a federal bankruptcy judge in the Southern District of New York.

  6. May 17, 2022

    The Week In Bankruptcy: Purdue Bonus, PR Pension Appeal

    Two dozen states objected to proposed bonus payments for the CEO of bankrupt drugmaker Purdue Pharma, the First Circuit declined to rehear an appeal over changes made to Puerto Rican teacher pensions as part of the island's restructuring, and Affordable Care Act penalties are taxes in bankruptcy court. This is the week in bankruptcy.

  7. May 13, 2022

    States Say Purdue CEO Should Answer For Opioid Crisis Role

    A group of state attorneys general have once again objected to proposed bonus payments for Purdue Pharma LP's CEO, telling a New York bankruptcy judge that he was a part of the corporate culture that led to the national opioid crisis.

  8. April 27, 2022

    Purdue Ch. 11 Injunction Extended Pending 2nd Circ. Decision

    A preliminary injunction barring the pursuit of claims against bankrupt drugmaker Purdue Pharma LP and the Sackler family will be extended for at least another month as the parties await a Second Circuit ruling on an appeal of releases included in the company's confirmed Chapter 11 plan.

  9. March 23, 2022

    Purdue Gets Another Opioid Suit Freeze Amid Ch. 11 Appeal

    A New York bankruptcy judge Wednesday froze opioid litigation against Purdue Pharma for another month while the defunct drugmaker seeks Second Circuit approval for its newly beefed-up Chapter 11 plan.

  10. March 10, 2022

    Opioid Victims Get Chance To Confront Sacklers In Court

    For the first time, members of the Sackler family who own Purdue Pharma faced testimony about the human cost of the company's painkiller OxyContin, as 26 victims and survivors of the national opioid crisis gathered in New York bankruptcy court Thursday to tell their stories of loss and pain from addiction.