Purdue Judge to Approve Bankruptcy Plan Pending Minor Changes

U.S. Bankruptcy Judge Robert Drain said he’ll approve Purdue Pharma LP’s sweeping settlement of opioid-related civil claims on Wednesday, paving the way for the company and its owners, members of the Sackler family, to pay billions of dollars to benefit places hit hard by the epidemic.

Drain, who has overseen a multiweek trial over the deal, began delivering his ruling on Wednesday morning, and later in the day approved a portion of the settlement dealing with estate claims. He said more than six hours into his bench ruling that he would approve the bankruptcy plan pending minor changes discussed during ...