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

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…

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