|
 During a hearing on Wednesday, U.S. Bankruptcy Judge Robert Drain in
White Plains, New York, said he plans to rule at the end of the
week. A trial over the plan and settlement began on Aug. 12.
The deal, which Purdue says is worth more than $10 billion, has
widespread support but is still opposed by nine U.S. states. Members
of the Sackler family who own the company have said they will
contribute about $4.5 billion in exchange for legal protections
against opioid-related litigation.
[to top of second column] |
 Drain stated at the conclusion
of Wednesday's hearing that Purdue, the Sacklers
and the opposing states should continue efforts
to reach a deal before Friday.
"I would encourage you ... to continue that
work," he said.
(Reporting by Maria Chutchian; editing by Grant
McCool and Richard Pullin)
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