Is bankruptcy best for Purdue?

By Phillip Broadwith2019-09-26T09:27:00

Members of P.A.I.N. (Prescription Addiction Intervention Now) and Truth Pharm staged a protest on September 12, 2019 outside Purdue Pharma headquarters in Stamford, over their recent controversial opioid settlement. Participants dropped hundreds prescript

Source: © Erik McGregor/SIPA USA/PA Images

Many would prefer to see the Sackler family held personally liable, and the company wound down

When companies make big payouts in legal cases, where should the money come from? If a firm has sufficient operating profit to cover the fine or settlement, then it’s not really an issue. But when a company is forced into bankruptcy, who picks up the bill?