Purdue Pharma dissolves in bankruptcy, names board of nonprofit successor
By Dietrich Knauth NEW YORK, May 1 (Reuters) - Purdue Pharma said on Friday that it has ceased operations and concluded its ...
Purdue Pharma, McKinsey Net Court Approval of Bankruptcy Deal
Purdue Pharma secured court approval for a $125 million settlement with McKinsey & Co. to resolve claims related to the ...
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Purdue Pharma sentenced ahead of bankruptcy as judge hears "heartbreaking" testimonies
A federal judge criminally sentenced OxyContin-maker Purdue Pharma over its role in the opioid crisis, ahead of upcoming ...
Purdue Pharma CLO Transitions to Lead Nonprofit Fighting Opioid Crisis
Shutting down Purdue Pharma and replacing it with the nonprofit Knoa Pharma was perhaps the most innovative aspect of ...
Opioid maker Purdue Pharma shuts down as part of $7.4 billion deal
May 1 marks the first payment of billions to try to address ongoing harms from the overdose crisis.
‘A punch in the gut’: After years of waiting, many opioid victims will be shut out of Purdue settlement
Nearly 140,000 people filed claims against the company for the harm they said its drugs caused. Fewer than half of them will get any compensation.
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McKinsey to contribute $125 million to Purdue bankruptcy over opioid sales advice
NEW YORK, April 9 (Reuters) - Consulting firm McKinsey & Co has agreed to contribute $125 million to Purdue Pharma's bankruptcy settlement, resolving potential legal claims over advice it provided ‌to ...
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Tens of thousands cut from Purdue opioid payouts amid strict proof rules
Days before Purdue Pharma’s opioid settlement payouts are set to begin, more than 40% of claims have been rejected under tightened documentation rules. The revised $7.4 billion bankruptcy plan ...