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Purdue Gets Time To Document New $7.4B Ch. 11 Settlement

By Vince Sullivan ( February 25, 2025, 5:00 PM EST) -- Counsel for bankrupt drugmaker Purdue Pharma received approval Tuesday for an extension of a mediation window during which litigation against nondebtors is paused after telling a New York judge that it has reached definitive terms on a new $7.4 billion settlement of opioid claims and needs time to finalize documentation surrounding the deal....

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