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Purdue Pharma asks bankruptcy judge to accept new settlement plan

Summary by The Hill
Purdue Pharma has filed a new bankruptcy plan as part of a $7.4 billion settlement to resolve thousands of lawsuits over the company's alleged role in the opioid crisis, months after the Supreme Court blocked a prior deal. The bankrupt company announced Tuesday it had filed a Chapter 11 Plan of Reorganization in the U.S. Bankruptcy Court for the Southern District of New York. In June of last year, the Supreme Court blocked a settlement deal, fin…

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Benzinga broke the news in New York, United States on Wednesday, March 19, 2025.
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