Purdue Pharma Asks District Court Handling Bankruptcy For Status Conference

(July 1, 2024, 1:16 PM EDT) -- NEW YORK — A lawyer representing Purdue Pharma LP and its affiliated debtors on June 28 wrote to the New York federal judge overseeing its bankruptcy case on how to proceed after the U.S. Supreme Court ruled that the Second Circuit U.S. Court of Appeals erred in finding that the U.S. Bankruptcy Code allows a liability release for members of the formerly controlling Sackler family in a multibillion-dollar opioid bankruptcy settlement reached by Purdue Pharma....