November 7, 2019 / 12:06 AM / 14 days ago

Purdue says it's critical to keep Skadden as special counsel during Ch. 11

Bankrupt Oxycontin maker Purdue Pharma LP on Wednesday sought court approval to keep Skadden Arps Meagher & Flom working as its special counsel on matters related to government investigations, including those of the U.S. Justice Department.

Purdue General Counsel Marc Kesselman in a retention application filed in U.S. Bankruptcy Court for the Southern District of New York said the company is in talks with the department regarding a potential resolution of its probes, an effort that could be jeopardized if it had to replace Skadden as special counsel.

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