Tag Archives: Bankruptcies

Sacklers Up Their Offer to Settle Purdue Opioids Cases, With a New Condition

Sacklers Up Their Offer to Settle Purdue Opioids Cases, With a New Condition

Seven months after the Supreme Court struck down a deal that would have resolved thousands of opioid cases against Purdue Pharma, the company’s owners, members of the Sackler family, have increased their cash offer to settle the litigation — but with a novel catch. Under the framework for a new deal, the Sacklers would not receive immunity from future opioid …

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When the Retirement Community Goes Bankrupt

When the Retirement Community Goes Bankrupt

Three years ago, when Bob and Sandy Curtis moved into an upscale continuing care retirement community in Port Washington, N.Y., he thought they had found the best possible elder care solution. In exchange for a steep entrance fee — about $840,000, funded by the sale of the Long Island house they had owned for nearly 50 years — they would …

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