Brown Rudnick Cases Highlighted in Law360 Story ‘Bankruptcy Cases to Watch in the Second Half of 2021’
PUBLISHED ON: 07/22/2021
The Law360 story “Bankruptcy Cases to Watch in the Second Half of 2021” listed only four cases — Purdue Pharma, Mallinckrodt, Boy Scouts of America, and Commonwealth of Puerto Rico. International law firm Brown Rudnick LLP is playing a preeminent role in each of the four “significant pending cases." Though the pace of new bankruptcy cases slowed in the first half of 2021, the proceedings of large and complex cases like these continue to wind their way through the nation's insolvency courts,” the article noted.
Brown Rudnick represents the Coalition of Abused Scouts for Justice in the Boy Scouts of America bankruptcy proceedings. The Coalition represents approximately 18,000 survivors of sexual abuse. On July 1, 2021, the parties announced a settlement impacting thousands of sexual abuse victims and their families, and representing a historic moment in victims’ rights advocacy. Brown Rudnick lawyers are also advising on the Purdue Pharmaceuticals and Mallinckrodt Pharmaceuticals Chapter 11 cases. These opioid-related bankruptcies were precipitated by the thousands of lawsuits brought against the debtors by states, municipalities, and American Indian tribes. Purdue Pharma is one of the largest pharmaceutical companies in the United States and was the creator of Oxycontin. Mallinckrodt was the largest producer of opioids and, as such, Purdue Pharma and Mallinckrodt are two of the most important opioid-related Chapter 11 cases in history. In addition, Brown Rudnick is advising on the Puerto Rico bankruptcy, serving as claims counsel for the Puerto Rico Financial Oversight and Management Board and acting through its Special Claims Committee.
Brown Rudnick is a nationally recognized leader in bankruptcy, corporate restructuring, and mass-tort litigation. The Firm regularly represents official committees, ad hoc committees, debtors, and other key parties in many of the nation’s largest restructurings. The Firm recently launched the BR Guest podcast hosted by Bill Baldiga, Brown Rudnick’s CEO. Episode 1 highlighted Brown Rudnick’s Law360 Bankruptcy Practice Group of the Year Award. Brown Rudnick was one of only five U.S. law firms recognized in the bankruptcy category. The lawyers behind the big win are Brown Rudnick Bankruptcy & Corporate Restructuring Partners Sunni Beville, David Molton, and Robert Stark. Sunni serves as Managing Director of the Firm’s Dispute Resolution & Restructuring Department. David is Chair of Cross-Border, Mass Tort, and Restructuring Litigation and Robert is Practice Group Leader of the Bankruptcy & Corporate Restructuring Practice Group.
Listen to the BR Guest podcast here.
Read Law360’s “Bankruptcy Cases to Watch in the Second Half of 2021” article here.
About Brown Rudnick LLP
Brown Rudnick combines ingenuity with experience to achieve great outcomes for our clients. We deliver partner-driven services, with a focus on collaboration in the client’s best interest. Brown Rudnick is an international law firm, serving clients around the globe. With more than 250 lawyers and government relations professionals, the Firm has offices in key financial centers across the United States and Europe. We are recognized for our market-leading practices covering several targeted industries, including bankruptcy and corporate restructuring, life sciences, technology, litigation and arbitration, white-collar defense and government investigations, civil fraud, special situations, corporate finance, strategic capital, distressed debt, intellectual property, real estate, M&A, and cross-border deals and disputes.
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