In our last quarterly mass tort update, we touched on the Elmiron and Allergan multi-district litigations and the Boy Scouts of America and Purdue Pharma bankruptcies. We also discussed the Texas power outage litigation. This edition discusses Purdue, Pornhub, Paraquat and Paragard.

Purdue Bankruptcy Moves to Voting Phase

The Purdue Chapter 11 reorganization bankruptcy plan moved forward in early June with the approval of solicitation materials by U.S. Bankruptcy Judge Drain. The solicitation materials were sent to over 600,000 creditors with a ballot to vote to approve or deny the proposed plan. If approved, the plan would dissolve the Purdue company and reestablish it as a public trust. The plan includes a proposed settlement that Purdue believes is worth well over $10 billion. The Sackler family members will also be contributing $4.275 billion to the bankruptcy trust. The Purdue bankruptcy will provide compensation to over 100,000 people that have been injured as a result of the opioid crisis. The total amount of the proposed settlement for the personal injury claimants is between $700 million and $750 million. The bankruptcy court is scheduled to review the plan on August 9, 2021 after the voting deadline of July 14, 2021. In re: Purdue Pharma L. P., No. 19-23649-rdd (S.D.N.Y).

Michigan Sexual Abuse Cases