Purdue Pharma-hired law firms reach $1M settlement with DOJ
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Purdue Pharma is headquartered at 201 Tresser Blvd., in downtown Stamford, Conn.Matthew Brown / Hearst Connecticut Media
STAMFORD Three law firms hired by OxyContin maker Purdue Pharma have agreed to collectively relinquish $1 million in fees earned from the Stamford-based firm’s bankruptcy, as part of a settlement to resolve concerns about the adequacy of their disclosures during the bankruptcy proceedings, the Department of Justice announced Thursday.
The Justice Department’s U.S. Trustee Program, which focuses on protecting the integrity of the bankruptcy system, alleges that in their applications to be retained by Purdue during its bankruptcy the firms did not disclose that before the company’s September 2019 bankruptcy filing they each had entered into a written “joint defense and common interest agreement” on behalf of Purdue with other parties, including members of the Sackler fami
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