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Hearing on bonuses for top executives postponed Judge seeks due diligence on employees eligible for payments The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. (Reuters) - The judge overseeing Purdue Pharmaâs Chapter 11 case has tentatively approved $16.1 million in retention payments for 506 of the company s employees but conditioned his ruling on the OxyContin makerâs successful reorganization. During a virtual hearing, U.S. Bankruptcy Judge Robert Drain in White Plains, New York, said he would sign off on the payments â which he said are not the same as bonuses because they are part of the employeesâ annual compensation â as long as Purdue doesnât wind up liquidating in bankruptcy, which at this point in the case is ....
Purdue Pharma bankruptcy judge OKs examiner but condemns Sackler-related attacks reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
The judge overseeing Purdue Pharma’s bankruptcy approved a deal on Thursday under which three law firms will forfeit a combined $1 million in fees to resolve allegations that they failed to disclose connections to Sackler family members that own the company. ....