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, ...