The week of bankruptcy: Purdue bonuses, appeal of PR pensions

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By Vince Sullivan (May 17, 2022, 9:37 p.m. EDT) — Two dozen states have opposed proposed bonus payments for the CEO of bankrupt drugmaker Purdue Pharma, the First Circuit declined to hear an appeal regarding changes to Puerto Rican teachers’ pensions as part of the island’s restructuring, and Affordable Care Act penalties are taxes in bankruptcy court. It’s bankruptcy week.

The bonus brawl continues

A group of state attorneys general have once again opposed proposed bonuses for the CEO of Purdue Pharma LP, telling a New York bankruptcy judge that he was part of the corporate culture that led to the national opioid crisis.

In a move…

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