OxyContin bottle on a counter. Credit: PureRadiancePhoto/Shutterstock.com Ruling Lasts 6 Hours, No Breaks: Judge Approves Purdue Pharma's $4.5 Billion Bankruptcy Settlement
Drain acknowledged the pain wrought by the opioid crisis and said he would like to see a larger settlement than the $4.5 billion reached after extensive negotiation, but he said he is unwilling to "risk" the agreement in exchange for the possibility of a larger number.
September 01, 2021 at 04:59 PM
3 minute read
U.S. Bankruptcy Judge Robert Drain of the Bankruptcy Court for the Southern District of New York on Wednesday said he will approve the $4.5 billion settlement for the bankruptcy of Purdue Pharma, the company that produced and marketed OxyContin, after two tweaks are made to the proposed settlement.
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