This Graham Holdings Company-Purdue Global situation really is a racket. Purdue still owes Kaplan $113 million but GHC can write it off their taxes. The US government has to pay for this mess, first with the CARES Act and American Rescue Plan money, then with the money they will lose in lost tax revenues.
https://www.sec.gov/ix?doc=/Archives/edgar/data/104889/000010488921000046/ghc-20210930.htm