Tarter Krinsky & Drogin’s Bankruptcy and Corporate Restructuring co-chair Scott Markowitz has been retained as bankruptcy counsel to the Ad Hoc Committee of NAS Babies in the Purdue Pharma Chapter 11 case pending in the United States Bankruptcy Court for the Southern District of New York. Since 2012, more than 300,000 babies have been born in the United States with Neonatal Abstinence Syndrome (NAS), which stems from opioid-dependent mothers. NAS is a group of conditions caused when a baby withdraws from opioids when exposed in the womb before birth, and have numerous developmental issues and have to be weaned off of opioids after birth.
Purdue marketed OxyContin, one of the most powerful opioids, and the Chapter 11 was filed to try and implement a global settlement of all lawsuits by setting up a trust of approximately $15 billion of which $3 billion will be contributed by the Sackler family, the owners of Purdue.
Scott’s involvement in Chapter 11 is featured in the Yahoo Finance article, “Opioid Justice Team: Ad Hoc Committee for babies born opioid-dependent now represented in Purdue bankruptcy proceedings.”
For more information, please contact Scott Markowitz at firstname.lastname@example.org.
|Markowitz, Scott S. Partner and Co-Chair of Bankruptcy and Corporate Restructuring Practice||Partner and Co-Chair of Bankruptcy and Corporate Restructuring Practice||212.216.8005|