A bankruptcy judge on Wednesday approved a new $6 billion opioid settlement between Sackler family members who own Purdue Pharma LP and state attorneys general, ahead of an appeal that will determine whether the deal will take effect.
Judge Robert Drain of the U.S. Bankruptcy Court in White Plains, N.Y., said the settlement was a “remarkable” and “positive development” in Purdue’s chapter 11 case, which was nearly derailed in December when a U.S. District Court judge in Manhattan rejected an earlier version of the agreement…
