Blumenthal, Tong Want Changes To Bankruptcy Laws In Wake Of Purdue Pharma Case
Connecticut Senator Richard Blumenthal and State Attorney General William Tong are calling for changes to federal bankruptcy law. They want to eliminate provisions used by the owners of Stamford-based Purdue Pharma in the company's bankruptcy proceedings. The Connecticut officials say the Sackler family is using the law to avoid handing over some of the billions of dollars they made deceptively marketing and selling highly-addictive opioid pain medication. The Sacklers say they did nothing wrong.