Purdue Pharma Bankruptcy Transcripts Collection
In re: Purdue Pharma LP et al.
The records in this collection come from hearings from In re: Purdue Pharma LP et al., case number 19-23649, in the U.S. Bankruptcy Court for the Southern District of New York, the Chapter 11 bankruptcy proceeding filed in September 2019.
The documents in this collection consist of 51 transcripts of hearings conducted in Purdue’s Chapter 11 bankruptcy proceedings. It also includes the Bankruptcy Court hearings on the confirmation of Purdue’s Chapter 11 plan, approved on September 17, 2021, as well as transcripts from the hearings of the appeals of the confirmed plan before U.S. District Court Judge Colleen McMahon and the Second Circuit Court of Appeals. Many of the early hearings concern Purdue’s ability to sell property and pay debts, including to consultants, and Purdue’s employee benefit plans. The Notices of Agenda for the hearings and all filings made in the case are available at https://restructuring.ra.kroll.com/purduepharma/
The confirmed Chapter 11 plan was appealed by several states and overturned by the District Court. The Court concluded that the Bankruptcy Court lacked statutory authority to impose non-consensual third-party releases in favor of the Sacklers. Purdue appealed that ruling to the Second Circuit Court of Appeals. The Second Circuit heard arguments on April 29, 2022, but has not issued a decision as of this writing.
Date Range: September 2019 to April 2022
Where to Start
Access Purdue Pharma at a Glance in our Research Tools area for an overview of the documents.