Pharmaceutical Giant

Purdue Pharma Files Bankruptcy

On Sunday, September 15, 2019, Purdue Pharma L.P., the makers of OxyContin, filed for chapter 11 protection in the United States Bankruptcy Court for the Southern District of New York - White Plains Division (Case No. 19-23649). Purdue Pharma made a settlement with two dozen state attorneys general who have asserted that OxyContin is the cause of the opioid crisis in the United States.  The settlement is said to provide between $10 - $12 billion dollars to fund the opioid crisis.  The settlement also forces Purdue Pharma to enter into bankruptcy and reorganize as a public benefit trust meaning that any future sales of OxyContin will be used to help communities struggling with the opioid crisis.

The Sarachek Law Firm, LLP

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Is a Westchester County, NY/NYC based law firm with over 30 years’ experience in corporate bankruptcy.  We have knowledge of the workings of the White Plains division of the Bankruptcy Court. Our office is five minutes from the Court.  We can provide timely legal assistance and service of pleadings for out of town attorneys and claimants to the Court.

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