Bloomberg Law
Dec. 22, 2021, 3:48 PM

Purdue Seeks Ban on Suits Against Sacklers as Reorg Plan Appealed

Daniel Gill
Daniel Gill

Purdue Pharma LP is asking a bankruptcy judge to extend a ban on lawsuits against its owners, the Sackler family, while the company appeals a ruling that overturned its multibillion-dollar reorganization plan.

Bankruptcy Judge Robert Drain already has extended the ban 10 times since first issuing a preliminary injunction in October 2019, Purdue said in a Dec. 20 court filing.

The OxyContin manufacturer is asking Drain to extend the ban again, to Feb. 1, 2022. There’s a “reasonable likelihood” Purdue will prevail on its appeal to the U.S. Court of Appeals for the Second Circuit, the company said.

Purdue’s plan, ...

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