Purdue Pharma said on Friday that it has ceased operations and concluded its bankruptcy, re-emerging as a nonprofit focused ...

NEW YORK, May 1 (Reuters) - Purdue Pharma said on Friday that it has ceased operations and concluded its bankruptcy, re-emerging as a nonprofit focused on treating ‌opioid addiction, overseen by a new ...

Purdue Pharma, the bankrupted drug manufacturer at the center of the nation’s yearslong opioid epidemic, shut down May 1. The ...

Justin Winerman of BCLP explains that nonconsensual third-party releases remain available under Chapter 15, despite the ...

OxyContin maker Purdue Pharma was sentenced on Tuesday to $5.5 billion ⁠in ⁠fines and penalties stemming from its 2020 guilty plea to charges ⁠of deceiving government regulators and paying kickbacks ...

A US federal judge on Tuesday sentenced OxyContin-maker Purdue Pharma to pay billions of dollars over its role in the opioid crisis, ahead of upcoming bankruptcy proceedings and its dissolution. The ...

OxyContin maker Purdue Pharma is set to dissolve and be replaced with a new company operating in the public interest under the settlement of thousands of lawsuits that goes into effect Friday. It’s ...

The ruling ends a yearslong criminal case against the pharmaceutical company accused of fueling the opioid epidemic.

A federal judge on Tuesday sentenced Purdue Pharma to pay more than $5 billion in criminal penalties, clearing the way for its bankruptcy settlement.