Judge Robert Drain, Overseer of Mega Bankruptcies, to Retire (2)

U.S. Bankruptcy Judge Robert Drain, an acerbic jurist who oversaw high-profile reorganizations including those of Sears Holdings Corp. and Purdue Pharma LP, plans to retire next year.

Drain intends to step down on June 30, 2022, according to a statement. He joined the bench in the Southern District of New York in 2002 after a career in private practice, where he was a partner at the law firm of Paul, Weiss, Rifkind, Wharton & Garrison.

“It seemed like a good time for a change,” Drain said in an email, noting that he’ll be turning 65 next year ...