OxyContin maker Purdue Pharma files for bankruptcy to wipe out 2,000 lawsuits

Steven Church and Jef Feeley

09/16/2019

Purdue Pharma has filed for bankruptcy, hoping to avoid having to deal individually with more than 2,000 lawsuits stemming from the company's role in the opioid crisis. / BLOOMBERG NEWS FILE PHOTO/GEORGE FREY — PURDUE PHARMA has filed for bankruptcy, hoping to avoid having to deal individually with more than 2,000 lawsuits stemming from the company's role in the opioid crisis. / BLOOMBERG NEWS FILE PHOTO/GEORGE FREY

WILMINGTON, Del. – Purdue Pharma LP filed for bankruptcy with a more than $10 billion plan to settle claims that it fueled the U.S. opioid epidemic by illegally pushing sales of its addictive OxyContin painkiller. The Chapter 11 filing on Sunday in White Plains, N.Y., is designed to short-circuit more than 2,000 lawsuits against Purdue…

Register to keep reading or subscribe today and receive unlimited access.
Already a Subscriber?

If you have already logged in and are still seeing this message, please refresh the page as your browser is caching the old content.

Want to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.