Purdue Pharma, Accused Of Fueling Opioid Crisis, Files For Chapter 11

Purdue Pharma headquarters in Stamford, Conn, shown last week. The company, which makes OxyContin and other drugs, filed court papers in New York on Sunday seeking Chapter 11 bankruptcy protection.

The bankruptcy follows the Sackler family, which owns Purdue, agreeing to surrender control of the company and offering $3 billion in cash to opioid-hit communities.

(Image credit: Frank Franklin II/AP)