Country for PR: United States
Contributor: PR Newswire New York
Thursday, June 17 2021 - 02:10
AsiaNet
Did You File a Claim Against Purdue Pharma as Part of its Bankruptcy Proceeding? Do You have a Claim Against Purdue Pharma's Owners?
NEW YORK, June 17, 2021 /PRNewswire-AsiaNet/ --

- A Hearing to Consider Confirmation of the Chapter 11 Plan May Affect Your 
Rights.

- Confirmation Hearing August 9, 2021.

The following statement is being issued by Prime Clerk* regarding the Purdue 
Pharma L.P. bankruptcy.

WHAT IS THIS ABOUT?
On June 3, 2021, as part of Purdue Pharma L.P.'s bankruptcy proceedings, the 
United States Bankruptcy Court for the Southern District of New York entered an 
order called the "Disclosure Statement Order" that:

    (a)   Authorized Purdue Pharma L.P. and its affiliated debtors and
     debtors in possession to solicit acceptances of the Fifth Amended
     Joint Chapter 11 Plan of Reorganization of Purdue Pharma L.P. and
     Its Affiliated Debtors, which includes (a) releases of any actual
     or potential claims against Sackler family members, and certain other
     individuals and related entities, relating to Purdue Pharma L.P. and
     its affiliated debtors (including Purdue prescription opioids, like
     OxyContin, or other prescription opioids manufactured or sold by
     Purdue); and (b) an injunction requiring that certain claims against
     the released parties be asserted only against trusts established under
     the plan; 

    (b)   Approved the Disclosure Statement for Fifth Amended Joint Chapter
     11 Plan for Purdue Pharma L.P. and Its Affiliated Debtors as
     containing "adequate information" pursuant to section 1125 of the
     Bankruptcy Code; 

    (c)   Approved the solicitation materials and documents to be included 
     in solicitation packages; and 

    (d)   Approved procedures for soliciting, receiving, and tabulating
     votes on the plan and for filing objections to the plan.

The Court will consider confirmation of the plan at the Confirmation Hearing.

WHEN IS THE HEARING?
The Confirmation Hearing will be held on August 9, 2021, at 10 a.m., prevailing 
Eastern Time, before the Honorable Robert D. Drain, in the United States 
Bankruptcy Court for the Southern District of New York, located at 300 
Quarropas Street, White Plains, New York 10601-4140. The hearing will be 
conducted via Zoom videoconference for those who will be participating in the 
Confirmation Hearing(1) if General Order M-543 is still in effect or unless 
otherwise ordered by the Bankruptcy Court.  

The Confirmation Hearing may be extended and rescheduled by the Court or the 
Debtors without further notice by an agenda filed with the Court, and/or by a 
Notice of Adjournment filed with the Court and delivered to all parties who are 
entitled to notice.

WHAT ARE YOUR OPTIONS?
Vote on the Plan: Your vote must be submitted so it is actually received on or 
before July 14, 2021, at 4:00 p.m., prevailing Eastern Time. Detailed 
instructions on how to vote are available at PurduePharmaClaims.com or by 
calling (844) 217-0912 (toll free) or (347) 859-8093 (international). Failure 
to follow instructions properly may disqualify your vote.

Object to the Plan: An objection must be submitted so that it is actually 
received on or before July 19, 2021, at 4:00 p.m., prevailing Eastern Time. 
Detailed instructions on how to file an objection are available at 
PurduePharmaClaims.com or by calling (844) 217-0912 (toll free) or (347) 
859-8093 (international).

Allowance Request: If you believe that you hold a claim against Purdue Pharma 
L.P. that is not currently entitled to vote but that you believe should be 
entitled to vote, you can request the allowance of such claim for voting 
purposes. To do so, you must file a motion with the Court on or before July 19, 
2021, at 4:00 p.m., prevailing Eastern Time. Detailed instructions on how to 
file an allowance request are available at PurduePharmaClaims.com or by calling 
(844) 217-0912 (toll free) or (347) 859-8093 (international).

If the plan is confirmed, anyone with an actual or potential claim against 
Purdue Pharma L.P. or any of its affiliated debtors, or with an actual or 
potential claim against Sackler family members, and certain other individuals 
and related entities, relating to Purdue Pharma L.P. and its affiliated debtors 
(including Purdue prescription opioids, like OxyContin, or other prescription 
opioids manufactured or sold by Purdue), will be bound by the terms of the 
plan, including the releases and injunctions contained therein.

This is only a summary. For more information:

    -- Call: (844) 217-0912 (toll free) or (347) 859-8093 (international) 
    -- Visit: PurduePharmaClaims.com 
    -- Write: Purdue Pharma Ballot Processing, c/o Prime Clerk LLC, One
       Grand Central Place, 60 East 42nd Street, Suite 1440, New York, NY 10165 
    -- Email: purduepharmainfo@primeclerk.com 

Please be advised that Prime Clerk LLC is authorized to answer questions about, 
and provide additional copies of, solicitation materials, but may not advise 
you as to whether you should vote to accept or reject the plan or provide any 
legal advice.

(1)         Parties or members of the public who wish to participate in the 
Confirmation Hearing should consult the Court's calendar with respect to the 
day of the Confirmation Hearing at 
https://www.nysb.uscourts.gov/calendars/rdd.html for information regarding how 
to be added as a participant.  Members of the public who wish to listen to, but 
not participate in, the Confirmation Hearing free of charge may do so 
telephonically at a number to be provided on the Debtors' case website at: 
PurduePharmaClaims.com ( 
https://c212.net/c/link/?t=0&l=en&o=3197429-1&h=2045692711&u=https%3A%2F%2Fpurduepharmaclaims.com%2F&a=PurduePharmaClaims.com 
).
 
SOURCE  *Prime Clerk the Court-Appointed Claims and Noticing Agent

CONTACT: Michele Sharp +1 (203) 588-7584 
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