Shen Hong

1 month ago | news.bloomberglaw.com | Aradhana Aravindan |Shen Hong

Purdue Pharma LP has filed a new Chapter 11 plan with the US Bankruptcy Court for the Southern District of New York, pledging it will give creditors including US states and other parties more than $7.4 billion of cash to compensate victims of the opioid crisis. A new public benefit company will be created after Purdue is dissolved and its assets transferred, according to a statement Wednesday.

1 month ago | news.bloomberglaw.com | Aradhana Aravindan |Shen Hong

Purdue Pharma LP has filed a new Chapter 11 plan with the US Bankruptcy Court for the Southern District of New York, pledging it will give creditors more than $7.4 billion of cash to compensate victims of the opioid crisis. A new public benefit company will be created after Purdue is dissolved and its assets transferred, according to a statement Wednesday. The Sackler family, which owns Purdue, will no longer have ownership interest or a role with the new firm, it added.

1 month ago | bloomberg.com | Aradhana Aravindan |Shen Hong

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1 month ago | news.bloomberglaw.com | Aradhana Aravindan |Shen Hong

Purdue Pharma LP has filed a new Chapter 11 plan with the US Bankruptcy Court for the Southern District of New York, pledging it will give creditors more than $7.4 billion of cash to compensate victims of the opioid crisis. A new public benefit company will be created after Purdue is dissolved and its assets transferred, according to a statement Wednesday. The Sackler family, which owns Purdue, will have no longer have ownership interest or a role with the new firm, it added.

1 month ago | ca.finance.yahoo.com | Aradhana Aravindan |Shen Hong

(Bloomberg) -- Purdue Pharma LP has filed a new Chapter 11 plan with the US Bankruptcy Court for the Southern District of New York, pledging it will give creditors more than $7.4 billion of cash to compensate victims of the opioid crisis. • None How Britain’s Most Bike-Friendly New Town Got Built• None A Malibu Model for Residents on the Fire FrontlinesA new public benefit company will be created after Purdue is dissolved and its assets transferred, according to a statement Wednesday.