Consumer Law
A Judge Grants Purdue Pharma More Time to Work Out a Settlement
Members of the Sackler family who own OxyContin maker Purdue Pharma will get protection from lawsuits for another three weeks, a judge said Wednesday, buying more time to work out a settlement of thousands of legal claims against the company over the toll of opioids.
The protections had been set to expire Thursday, but U.S. Bankruptcy Judge Robert Drain said in a hearing that they’d remain in place through March 23.
Also Wednesday, the mediator trying to broker a legal settlement between Purdue and a group of attorneys general said in a court filing that she would stay on the job, a possible sign that a deal to end the highest-profile litigation in the U.S. over the opioid epidemic is getting closer.
