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Purdue Creditor Group Includes CVS Caremark, PBGC, Individuals

Sept. 26, 2019, 9:49 PM

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 ...

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