Kevin Maclay Speaks to Bloomberg on Purdue Pharma Settlement
Purdue Pharma is poised to wrap up all liability for its role in the opioid crisis in a matter of weeks after its $8.3 billion settlement with the Justice Department cleared the way to resolve outstanding bankruptcy claims.
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A “positive sign,” the agency’s action “shows that the federal government is willing to allow most of the funds that it would have been able to assert a claim to flow into the abatement,” said Kevin Maclay, a lawyer with Caplin & Drysdale who represents more than 1,300 local government entities in the bankruptcy.
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