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Purdue Pharma files Chapter 11 after “onslaught of lawsuits”

By Benjamin Clarke

16 September 2019

Purdue Pharma files Chapter 11 after “onslaught of lawsuits” iStock.com/artisteer

Despite having no funded debt or judgment creditors, OxyContin maker Purdue Pharma has filed for Chapter 11 bankruptcy protection in New York, with Davis Polk & Wardwell and Dechert advising.