The Purdue Pharma logo at its offices in Stamford, Connecticut (AP Photo/Douglas Healey, File) US Trustee Urges 2nd Circuit to Throw Out $4.3 Billion Purdue Pharma Bankruptcy Deal
A Davis Polk attorney representing Purdue argued that the third-party release should be approved, because it is a way of maximizing recovery for people affected by the opioid crisis.
April 29, 2022 at 04:48 PM
3 minute read
Pharmaceuticals
Attorneys for Purdue Pharma and parties favoring its $4.3 billion bankruptcy settlement on Friday urged the U.S. Court of Appeals for the Second Circuit to reverse the district court's ruling vacating the deal, arguing that the liability release for the Sackler family were appropriate and well-tailored.
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