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When Purdue Pharma, the maker of OxyContin, declared bankruptcy in 2019, it had no debt and was worth more than a billion dollars. How is this possible? Well Purdue was facing trillions in claims ...

Prior to 60 Minutes' March 9, 2025 broadcast, which featured correspondent Cecilia Vega's report on the Purdue Pharma bankruptcy case, we reached out to Purdue Pharma for comment on our story ...

A New York bankruptcy judge’s recognition of a Mexican lender’s foreign restructuring with nonconsensual liability releases ...

A judge in the US has approved the sale of Purdue Pharma’s consumer health business Avrio, part of the bankruptcy proceedings related to the drugmaker’s proposed $10 billion settlement of ...

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Purdue Pharma, manufacturer of the highly addictive pain killer oxycontin, declared bankruptcy in 2019 and entered into a multibillion dollar settlement over their sales practices with the ...

The company’s owners, the Sackler family, will pay $3 billion of the settlement out of their personal $13 billion fortune over the next seven years and give up control of Purdue Pharma.

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Local governments began suing pharmaceutical companies such as Purdue Pharma in 2017. Brad Schimel was the state attorney general during that time frame, not working at the Waukesha County level.

Purdue Pharma LP's patents covering its blockbuster painkiller OxyContin are invalid, according to Judge Sidney Stein of the US District Court for the Southern District of New York. The ...