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Exclusive: OxyContin maker prepares 'free-fall' bankruptcy as settlement talks stall

Written by Reuters | Source: Reuters | September 03, 2019 09:26 PM

(Reuters) - OxyContin maker Purdue Pharma LP is preparing to seek bankruptcy protection before the end of the month if it does not reach a settlement with U.S. communities over widespread opioid litigation, three people familiar with the matter said, after some states balked at the company’s $10 billion to $12 billion offer in August to end their lawsuits as part of a negotiated Chapter 11 case.

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