Judge: Purdue Pharma must halt some political contributions
Source: Associated Press
Geoff Mulvihill, Associated Press
Updated 8:38 pm CDT, Tuesday, July 28, 2020
A federal bankruptcy judge ruled Tuesday that OxyContin maker Purdue Pharma can't make any more contributions to partisan organizations that seek to boost the election efforts of candidates for state attorney general offices.
The company can keep contributing to some other political groups, according to the ruling from Judge Robert Drain.
Lawyers asked Drain to block Purdue from making political contributions earlier this month when it was revealed that the company had given $185,000 to political groups after declaring bankruptcy last year.
Advocates were particularly troubled by contributions to the Democratic Attorneys General Association and the Republican Attorneys General Association because state attorneys general are suing the company and trying to negotiate a settlement with it. Both groups said earlier this month that they would return the contributions to Purdue, as have partisan groups representing the nation's governors.
The company said participating in the political groups is a normal part of its business.
Read more: https://www.chron.com/news/article/Judge-Purdue-Pharma-must-halt-some-political-15440258.php
BumRushDaShow
(129,967 posts)except when you just declared bankruptcy, normally done because your debts completely swamp your assets and you need to discharge that and restructure... yet you managed to find money to lobby-by-financial-contribution (bribe) the people suing you.
MyOwnPeace
(16,951 posts)with being "bankrupt" and being able to make political "contributions" while creditors are sitting on the sideline and unable to collect that which is due them.