Purdue Pharma Faces Intense Scrutiny as Bankruptcy Trustees Navigate Complex Mass Tort Litigation
Stamford, Conn.— Purdue Pharma, the company widely criticized for its role in the opioid crisis, has reached a critical juncture in its Chapter 11 bankruptcy proceedings that could significantly impact the landscape of mass tort litigation in the United States. Facing thousands of lawsuits, the pharmaceutical giant filed for bankruptcy in 2019 as part of an effort to settle claims alleging it fueled a national addiction epidemic with its aggressive marketing of the painkiller OxyContin. The latest proposal in Purdue Pharma’s bankruptcy case, which aims to resolve multitudes of opioid lawsuits, stipulates that the Sackler … Read more