Purdue Gets Time To Document New $7.4B Ch. 11 Settlement
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By Vince Sullivan

Counsel for bankrupt drugmaker Purdue Pharma received approval Tuesday for
an extension of a mediation window during which litigation against
nondebtors is paused after telling a New York judge that it has reached
definitive terms on a new $7.4 billion settlement of opioid claims and
needs time to finalize documentation surrounding the deal.

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