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BRIEF-Plan Of Reorganization Of Purdue Pharma L.P. Receives Bankruptcy Court Approval

reuters.com · 09/01/2021 17:06
BRIEF-Plan Of Reorganization Of Purdue Pharma L.P. Receives Bankruptcy Court Approval

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  • PLAN OF REORGANIZATION OF PURDUE PHARMA L.P. RECEIVES BANKRUPTCY COURT APPROVAL

  • PURDUE PHARMA L.P - PURDUE'S ASSETS WILL BE TRANSFERRED TO A NEW POST-EMERGENCE COMPANY DEDICATED TO PUBLIC GOOD, PURDUE WILL CEASE TO EXIST

  • PURDUE PHARMA - NEWLY FORMED COMPANY WILL BE OWNED PRIMARILY BY NATIONAL OPIOID ABATEMENT TRUST WITH TRIBE TRUST HOLDING A MINORITY INTEREST

  • PURDUE PHARMA - SACKLER FAMILIES TO HAVE NO INVOLVEMENT IN NEW CO, AND ARE PAYING $4.325 BILLION (OVER THE $225 MILLION ALREADY PAID TO U.S. DOJ) INTO ESTATES

Source text for Eikon: ID:nBw73qBqra


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