Bankruptcy Law News

Purdue Pharma Creditors Seek Crackdown on Political Donations

July 13, 2020, 11:52 PM

Purdue Pharma LP’s creditors urged a court to ban the bankrupt opioid manufacturer from making undisclosed political campaign donations, and asked the recipients of about $185,000 of previous contributions to immediately return them.

Purdue’s previous contributions were made after it filed for bankruptcy, a committee of unsecured creditors said. Donations to groups supporting Democrat and Republican candidates in governors’ and state attorneys’ races “may present troubling potential conflicts of interests—on both the donor and recipient sides—when viewed through the unique lens of these cases,” the committee said in a July 10 filing at the U.S. Bankruptcy Court for the District...

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