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:

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.
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.
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.
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.
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.
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.
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.
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.
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.
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.

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