Articles by Erik Larson and Katherine Doherty

States Split Over Purdue’s $12 Billion Opioid Epidemic Settlement Plan

Purdue Pharma LP, maker of the highly addictive Oxycontin painkiller, is pitting state against state with its offer of about $12 billion to resolve the company’s liability for the massive public-health crisis tied to opioid abuse that’s swept the U.S. …

PG&E Restructuring Plan Upped to $45B by Creditors

A group of PG&E Corp. creditors could preempt the embattled California utility’s own attempt to claw its way out of bankruptcy by presenting a restructuring plan that could be worth at least $45 billion, according to people familiar with the …

Hedge Fund Baupost Reported to Hold $1 Billion in PG&E Insurance Claims

Seth Klarman’s Baupost Group has been the poster child of the hedge fund industry’s ill-timed stock-market bets on the troubled utility PG&E Corp., which announced plans for bankruptcy. It turns out, though, that Baupost’s stock purchases, valued at $873 million …