Purdue Creditor Group Includes CVS Caremark, PBGC, Individuals

The U.S. Trustee finalizes bankrupt Purdue Pharma LP’s official committee of unsecured creditors at a meeting in New York.

• Members include:
  • Blue Cross & Blue Shield Association
  • CVS Caremark
  • LTS Lohmann
  • West Boca Medical Center
  • Pension Benefit Guaranty Corp.
  • Four individuals
• No state or local government entities made the list
  • NOTE: Court records show overwhelming majority of the lawsuits that helped push Purdue into bankruptcy were filed by government entities
  • NOTE: Judge overseeing PG&E bankruptcy in California sided with the U.S. Trustee and rejected a request for government entities to serve on a similar committee, saying the bankruptcy code ...