Purdue Pharma L.P. – Besieged with Opioid Litigation, Debtors Turn to Bankruptcy as Vehicle for Comprehensive $10bn (“in Value”) Settlement as “Better Way”

September 14, 2019 − Purdue Pharma L.P. and 23 affiliated Debtors (“Purdue” or the “Debtors,” with organizational and ownership charts included on pages 17/18 of the Petition) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 19-23649. The Debtors, pharmaceutical companies that manufacture, sell,…