{"id":34631,"date":"2021-04-29T16:59:11","date_gmt":"2021-04-29T23:59:11","guid":{"rendered":"https:\/\/lapost.us\/?p=34631"},"modified":"2021-04-29T16:59:11","modified_gmt":"2021-04-29T23:59:11","slug":"purdue-pharma-law-firms-relinquishing-1m-in-fees-to-settle-concerns-about-disclosures","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=34631","title":{"rendered":"Purdue Pharma law firms relinquishing $1M in fees to settle concerns about disclosures"},"content":{"rendered":"

The Department of Justice (DOJ) has ordered three law firms for Purdue Pharma to relinquish $1 million in fees earned in the drugmakers\u2019 opioid epidemic-related bankruptcy cases due to concerns about the firms\u2019 disclosures to the court.<\/p>\n

The DOJ\u2019s U.S. Trustee Program (USTP)\u00a0announced on Thursday<\/a>\u00a0the settlement with the three law firms: Skadden, Arps, Slate, Meagher & Flom LLP; Wilmer Cutler Pickering Hale and Dorr LLP; and Dechert LLP.<\/p>\n

The USTP alleges that the three firms did not \u201cadequately disclose\u201d a joint defense and common interest agreement between Purdue Pharma and members of the Sackler family who own the company. That agreement \u201ccreated obligations\u201d for the firms pertaining to the defense against hundreds of lawsuits related to its drug OxyContin.<\/p>\n

Why this matters:\u00a0<\/strong>USTP Director Cliff White described the disclosure \u201cviolations\u201d as \u201cparticularly concerning because a central question in these cases has been the independence of Purdue from the Sackler families.\u201d<\/p>\n

What the law firms say:\u00a0<\/strong>The firms\u2019 position in the settlement said, \u201cAlthough the Firms do not believe that the Common Interest Agreement is a \u2018connection\u2019 that was required to be disclosed \u2026 they have agreed to resolve the matter in the interest of expediency.\u201d<\/p>\n

What\u2019s next:\u00a0<\/strong>The agreement still requires approval from the Bankruptcy Court for the Southern District of New York.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Department of Justice (DOJ) has...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-34631","post","type-post","status-publish","format-standard","hentry","category-health"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/34631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34631"}],"version-history":[{"count":1,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/34631\/revisions"}],"predecessor-version":[{"id":34632,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/34631\/revisions\/34632"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}