First Bankruptcy Hearing Held in Purdue Pharma Settlement Deal
White Plains, NY (WorkersCompensation.com) – It’s business as usual for Purdue Pharma, as the OxyContin maker continues battling lawsuits from nearly every state and thousands of municipalities and other entities. A bankruptcy judge allowed the company to stay in business and continue paying its employees, during a hearing in the New York City suburb yesterday.
The hearing was the first step in the company’s Chapter 11 filing, part of a settlement deal worked out among the ...
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