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Mealeys

MLex

Purdue Pharma L.P.

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Case Number:

7:19-bk-23649

Court:

New York Southern

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  1. July 09, 2024

    Purdue Plans 'High-Speed' Bid For New Ch. 11 Plan

    Purdue Pharma told a New York bankruptcy judge Tuesday that it plans a two-month "high-speed, high-stakes" attempt to replace the Chapter 11 plan shot down by the U.S. Supreme Court last month before unleashing litigation on its former owning family.

  2. July 08, 2024

    Purdue Creditors Look To Sue Sacklers After Justices' Ruling

    The official committee of unsecured creditors in the Chapter 11 case of drugmaker Purdue Pharma asked a New York bankruptcy judge on Monday for standing to bring actions against members of the Sackler family that own the company after the U.S. Supreme Court torpedoed a precarious settlement among the parties.

  3. April 17, 2024

    NY Court OKs Purdue Pharma's 5th KEIP For $7.2M

    A New York bankruptcy judge on Wednesday approved bankrupt drug manufacturer Purdue Pharma LP's plan to pay out $7.2 million to three executives and agreed to seal some of the specifics of how the executives' performance would be measured.

  4. September 21, 2023

    Canadian Tribe Denied More Time To Appeal Purdue Injunction

    A New York bankruptcy judge Thursday denied a Canadian First Nation's request to extend its deadline to appeal an injunction blocking it from moving forward with a state court opioid suit against bankrupt drugmaker Purdue Pharma LP.

  5. August 23, 2023

    Canadian Tribe's Lawsuit 'Perplexing,' Purdue Tells NY Court

    Purdue Pharma LP has asked a New York bankruptcy judge to reject a Canadian First Nation's attempt to move opioid claims forward against the drugmaker and its Sackler family owners, saying the tribe failed to meet a notice of appeal deadline to challenge the newest of many injunctions.

  6. June 16, 2023

    Purdue Seeks Ch. 11 Stay Extension To Implement Its Plan

    Bankrupt drugmaker Purdue Pharma LP told a New York judge Friday that it does not anticipate any opposition to its motion to extend the Chapter 11 stay of litigation against nondebtor third parties that has been in place for several years, saying the termination of the stay would harm the implementation of its plan.

  7. May 23, 2023

    Purdue Approved For OTC Biz Sale As Ch. 11 Case Drags On

    A New York bankruptcy judge approved a $397 million sale of Purdue Pharma's over-the-counter drug business Tuesday, but unsecured creditors say they are concerned about the potential delay in having the proceeds from the transaction distributed by the debtor.

  8. April 25, 2023

    Purdue Pharma Gets OK To Sell Over-The-Counter Business

    A New York bankruptcy judge gave pharmaceutical maker Purdue Pharma permission Tuesday to put its over-the-counter business on the auction block next month with a $397 million stalking horse bid.

  9. April 06, 2023

    Purdue Seeking OK To Put Over-The-Counter Biz Up For Sale

    Purdue Pharma is seeking permission from a New York bankruptcy judge to put its over-the-counter business up for auction with a $397 million stalking horse bid from a subsidiary of Arcadia Consumer Healthcare.

  10. January 24, 2023

    Purdue Warns Tribe's NY Lawsuit Could 'Blow Up' Ch. 11 Plan

    Purdue Pharma LP urged a New York bankruptcy court on Tuesday to reject a demand from an Indigenous tribe in Canada to lift a freeze on litigation against the bankrupt drugmaker and its Sackler family owners so the tribe can pursue its claims against the Sacklers in state court.