Bankruptcy court clears $397m Purdue consumer health sale

A judge in the US has approved the sale of Purdue Pharma’s consumer health business Avrio, part of the bankruptcy proceedings related to the drugmaker’s proposed $10 billion settlement of ... Read More

Purdue Pharma Has Declared Bankruptcy — Is the Company Still in Business?

More recently, Purdue Pharma had to declare bankruptcy as a result of the lawsuits, leading some to wonder whether the once giant pharmaceutical company is still in business. Is Purdue Pharma ... Read More

Purdue Pharma Files for Bankruptcy; OxyContin Maker Plans $10 Billion Settlement

Purdue Pharma LP filed for Chapter 11 bankruptcy protection late Sunday as the OxyContin maker looked to isolate the impact of thousands of lawsuits linked to the nation's opioid crisis. Purdue ... Read More

The Rot at the Heart of the Purdue Pharma Bankruptcy Case

The years-long class action litigation against Purdue Pharma, makers of the opioid ... Legally, the case turns on a provision in the bankruptcy code that says that a reorganization plan can ... Read More

Purdue Pharma Files for Bankruptcy Amid Deluge of Lawsuits

Owners of OxyContin maker Purdue Pharma expressed sympathy but not responsibility for the nation's opioid crisis as the company filed for bankruptcy protection late ... which the company says could be ... Read More

Buffalo Diocese lags behind others in settling bankruptcy as Supreme Court rulings loom

After more than four years in bankruptcy, the Buffalo Diocese has no deal with 900 claimants who allege they were abused by priests, nuns and other employees. Read More

Purdue Pharma To J&J: Bankruptcy Can Protect From Lawsuits

Large companies like Purdue Pharma ... argue that declaring bankruptcy makes things more efficient for getting payouts to plaintiffs, critics of the practice say the process is being used to ... Read More

Bankruptcy odyssey for opioid giant Purdue Pharma at its zenith

The final checkpoint for Purdue Pharma’s proposed $10 billion opioid crisis settlement deal, nearly half of which to be funded by members of the Sackler family, continued on Monday in federal ... Read More

Debt relief vs. bankruptcy: Which option is right for you?

If that's the case for you, there are options, like bankruptcy and credit card debt relief, that can help. Both options aim to help you resolve issues with overwhelming debt, making them worth ... Read More

Stocks lower, factory inflation up next, News Corp earnings, robo taxis, Purdue Pharma bankruptcy - 5 Things To Know

Stock futures lower as markets see 'higher for longer' Fed rates; Factory gate inflation in focus after softer CPI reading; News Corp ... legality of Purdue Pharma's Chapter 11 bankruptcy ... Read More

Masimo May Look at Joint Venture for Consumer Split, CEO Says

Medical-device maker Masimo may opt for a joint venture as it looks to split off its consumer business. The company, which said Friday it would separate its smart-watch and baby-monitor business ... Read More