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Corporate headquarters of Purdue Pharma in Stamford, Conn. Photo: Douglas Healey/AP Corporate headquarters of Purdue Pharma in Stamford, Conn. Photo: Douglas Healey/AP

The leader of New York state’s top financial regulatory agency blasted efforts by Purdue Pharma on Monday to pay out $34 million in bonuses to its employees as part of the company’s bankruptcy proceedings, citing the state’s ongoing investigation into the opioid industry.

New York Department of Financial Services Superintendent Linda Lacewell urged a federal bankruptcy judge in a letter to reject the company’s request, citing the damage done through the country’s opioid crisis.

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Dan M. Clark

Dan M. Clark is the Albany reporter for the New York Law Journal. He covers the state Court of Appeals, the state legislature, state regulators, and more. Email Dan anytime at [email protected]

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