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PAL seeks local recognition of Chapter 11 rulings
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15 States Drop Opposition To Controversial Purdue Pharma OxyContin Bankruptcy
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Darren McCollester / Getty Images
Originally published on July 8, 2021 1:41 am
Fifteen states that led the effort to block a controversial bankruptcy plan for Oxycontin-maker Purdue Pharma have abandoned the fight.
That s according to court documents filed by a mediator late Wednesday night as part of a federal bankruptcy proceeding in White Plains NY.
Among the states that have agreed to sign on to the bankruptcy deal are Massachusetts and New York, whose attorneys general had mounted fierce legal opposition to the deal. The negotiations were difficult and hard-fought, with the outcome uncertain, said federal bankruptcy Judge Shelley C. Chapman in the legal filing.
Darren McCollester/Getty Images
toggle caption Darren McCollester/Getty Images
Purdue Pharma faced an avalanche of lawsuits for alleged harm caused by its prescription opioid medicine OxyContin. A controversial bankruptcy deal expected to be finalized next month would block lawsuits against members of the Sackler family who own the firm. Darren McCollester/Getty Images
Fifteen states that led the effort to block a controversial bankruptcy plan for OxyContin-maker Purdue Pharma have abandoned the fight.
That s according to court documents filed by a mediator late Wednesday as part of a federal bankruptcy proceeding in White Plains, N.Y.
Among the states that have agreed to sign on to the bankruptcy deal are Massachusetts and New York, whose attorneys general had mounted fierce legal opposition to the agreement.
NBA YoungBoy is all smiles in a new jail photo that surfaced online.
We previously reported, the rapper was wanted on an outstanding warrant for drugs and weapons-related charges in 2020. A California judge granted YoungBoy a pretrial release that was waiting for approval from Louisiana.
On April 1st, Judge Shelly D. Dick stated that YoungBoy is to remain behind bars until his trial and citing his characteristics and his history of probation violations. He also said that the rapper’s wealth also played a part in his decision to deny his bond.
A newly released picture of the rapper surfaced online and it appears that he’s in spirits. In the picture, you can see him posted up with four other men, with a big happy smile.
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