Purdue Pharma Seeks More Time for Settlement Talks With Sacklers

Purdue Pharma LP has asked to extend to early December settlement talks with members of the Sackler family who own the company after its prior bankruptcy plan was shot down by the US Supreme Court in June.

With mediation at a “fluid and critical juncture,” extending the talks, as well as a preliminary injunction protecting Sackler family members from opioid-related litigation, for 35 more days will prevent jeopardizing the ability to achieve a broad consensus, Purdue said in a motion filed Monday in the US Bankruptcy Court for the Southern District of New York.

“Simply put, the complexities of crafting ...