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Exclusive: OxyContin maker prepares 'free-fall' bankruptcy as settlement talks stall

Reuters Tuesday, 3 September 2019
OxyContin maker Purdue Pharma LP is preparing to seek bankruptcy protection before the end of the month if it does not reach a settlement with U.S. communities over widespread opioid litigation, three people familiar with the matter said, after some states balked at the company's $10 billion to $12 billion offer in August to end their lawsuits as part of a negotiated Chapter 11 case. 
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Video credit: Wibbitz Studio - Published
News video: Opioid Maker Purdue Pharma May File for Bankruptcy

Opioid Maker Purdue Pharma May File for Bankruptcy 01:17

Opioid Maker Purdue Pharma May File for Bankruptcy . The company is currently facing over 2,000 lawsuits from multiple U.S. states. Filings claim that the oxycontin maker helped fuel the current opioid crisis in America. According to 'Reuters,' Purdue will file for bankruptcy if it fails to settle...

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According to Purdue Pharma, the bankruptcy is worth $10 billion and will go toward addressing the opioid crisis in New York, New Jersey and elsewhere around the country. CBSN New York's Aundrea..

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