Purdue Pharma L.P.

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Case Number:

7:19-bk-23649

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

December 06, 2021
Sackler Family Denies Pre-Ch. 11 Looting Of Purdue Pharma

Members of the Sackler family who own drugmaker Purdue Pharma told a New York federal judge Monday that they did not increase transfers of cash out of the business in the run-up to its 2019 Chapter 11 filing, and instead left the company with more unrestricted cash than ever before at that time.
November 18, 2021
Purdue Cleared To Pay Gov't Groups Over $12M In Ch. 11 Fees

A New York bankruptcy judge approved a request from drugmaker Purdue Pharma LP to reimburse more than $12 million in fees incurred by groups representing government entities in its Chapter 11 plan mediation process, saying the groups made significant contributions to the confirmed plan.
November 09, 2021
Purdue Agrees Not To Finalize Ch. 11 Plan Until Appeals Done

A New York bankruptcy judge said Tuesday that a stay of the implementation of Purdue Pharma's Chapter 11 plan pending appeals was unnecessary after Purdue agreed not to take the plan's final steps until after the first round of appeals are decided.
October 25, 2021
Purdue Opposes Requests To Delay Ch. 11 Plan For Appeals

Purdue Pharma LP is arguing that delaying the consummation of its Chapter 11 plan to allow appeals to be resolved first would needlessly delay the distribution of billions of dollars for opioid abatement efforts while there was no danger of prejudice to the appellants.
October 20, 2021
Purdue Asks To Pay Ch. 11 Costs Of Government Committees

Bankrupt drugmaker Purdue Pharma LP asked for permission from a New York judge late Tuesday to pay $12.4 million in fees and expenses incurred by committees of nonconsenting state and local governments during a Chapter 11 plan mediation process.
October 14, 2021
Purdue Ch. 11 Plan Challenges Won't Hit 2nd Circ. Right Away

A New York bankruptcy judge on Thursday denied a motion from parties appealing the confirmation of Purdue Pharma's Chapter 11 plan to bypass the normal appellate channels and bring their arguments directly to the Second Circuit.
October 12, 2021
Purdue Ch. 11 Appeals To Be Heard Before Plan Effective Date

A Manhattan federal judge said Tuesday that she would hear oral arguments in the appeals of Purdue Pharma's Chapter 11 plan on Nov. 30 after adopting a briefing schedule proposed by the debtors and saying that she is committed to an expedited appeal process.
October 08, 2021
Canadian Creditors Seek Direct Appeal Of Purdue Ch. 11 Plan

A group of Canadian creditors told a New York bankruptcy judge that they support consolidating the appeals for Purdue Pharma's Chapter 11 plan and that those appeals should be allowed to move directly to the Second Circuit.
September 24, 2021
California AG Announces Appeal Of Purdue Ch. 11 Plan

California Attorney General Rob Bonta on Friday became the latest attorney general to announce an appeal of the approval of Purdue Pharma's Chapter 11 plan, saying the OxyContin maker's former owners in the Sackler family must be held accountable for their part in the opioid crisis.
September 22, 2021
US Trustee Challenges Constitutionality Of Purdue Releases

The nondebtor, third-party releases included in Purdue Pharma's Chapter 11 plan are unconstitutional, the U.S. Trustee's Office has argued, asking a New York bankruptcy judge to wait until a higher court rules on the federal watchdog's challenge to the releases.

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