The bankruptcy filing in White Plains, New York, indicates that Purdue Pharma is using the filing as a gambit to avoid the first federal opioid trial that is scheduled to start in Cleveland on 21 October, AP said.
Earlier, the pharmaceutical giant reportedly offered authorities a proposal worth at least $10 billion to settle more than 2,000 lawsuits related to the opioid crisis.
Purdue Pharma has been hit with thousands of lawsuits for its role in the opioid addiction crisis that led to record-level overdoses throughout the United States dating back to the late 1990s.
The potential deal was part of confidential talks with Purdue's lawyers at a meeting in Cleveland on August 20, NBC News reported earlier, citing sources familiar with the mediation.
About half of the US states have, however, refused to sign onto the multibillion settlement deal, AP said. Several states reportedly plan to object the settlement in bankruptcy court and pledge to continue litigation in other courts against members of the notorious Sackler family, which owns and runs the company.