Purdue Pharma Public Benefit Settlement Comes Under Fire From Creditors, Congress

Mealey's (November 18, 2020, 8:15 AM EST) -- NEW YORK — A U.S. attorney on Nov. 13 told a New York bankruptcy judge that if opioid maker Purdue Pharma L.P. becomes a public benefit corporation (PBC), the $225 million the government would get will go to federal health care programs, answering one of several questions and objections to the government’s criminal and civil settlement with the company and the controlling Sackler family (In Re:  Purdue Pharma L.P., et al., No. 19-23649, S.D. N.Y.)....