September 30, 2024
Johnson & Johnson and the Justice Department are set to face off in a dispute over whether the consumer products giant was justified in putting a talc unit into bankruptcy in Texas this month, after the U.S. Trustee's Office accused J&J of "forum-shopping" its third Chapter 11 filing.
September 23, 2024
Bankrupt OxyContin maker Purdue Pharma LP on Monday won its latest extension to mediate a new settlement with creditors, while also shielding Sackler family members who own the company from lawsuits, after its previous deal was scuttled by the U.S. Supreme Court in June.
September 05, 2024
OxyContin maker Purdue Pharma LP received bankruptcy court approval on Thursday to extend its ongoing mediation for another 18 days and to continue the litigation shield protecting the Sackler family members who own the company, as parties seek consensus on a new Chapter 11 plan structure.
July 15, 2024
Rudy Giuliani's Chapter 11 case was tossed for his lack of financial disclosures, Purdue Pharma pressed for renewed plan mediation as creditors hedged their bets by seeking permission to sue its owners, and the parent company of Redbox pivoted to a liquidation due to what it described as mismanagement of the business.
July 09, 2024
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.
July 08, 2024
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.
April 17, 2024
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
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
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
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.