Posted on Aug 10, 2023
Supreme Court temporarily blocks $6 billion Purdue Pharma-Sackler bankruptcy
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https://www.npr.org/2023/08/10/ [login to see] /purdue-scotus-bankruptcy-oxycontin
The U.S. Supreme Court has agreed to review a controversial bankruptcy case involving Purdue Pharma, the maker of Oxycontin, and members of the Sackler family who own the company.
Justices on Thursday temporarily blocked implementation of the $6 billion deal while the appeal is heard. Arguments in the case have been scheduled for December.
A federal bankruptcy court in New York first approved the complex settlement in 2021. Wealthy members of the Sackler family were included even though they're not bankrupt.
In exchange for a $6 billion dollar payment from the Sacklers, the arrangement would block future opioid lawsuits targeting them.
The U.S. Supreme Court has agreed to review a controversial bankruptcy case involving Purdue Pharma, the maker of Oxycontin, and members of the Sackler family who own the company.
Justices on Thursday temporarily blocked implementation of the $6 billion deal while the appeal is heard. Arguments in the case have been scheduled for December.
A federal bankruptcy court in New York first approved the complex settlement in 2021. Wealthy members of the Sackler family were included even though they're not bankrupt.
In exchange for a $6 billion dollar payment from the Sacklers, the arrangement would block future opioid lawsuits targeting them.
Supreme Court temporarily blocks $6 billion Purdue Pharma-Sackler bankruptcy
Posted from npr.org
Supreme Court
Bankruptcy
Lawsuit
Drugs
Pharmaceuticals
Posted 9 mo ago
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PO1 William "Chip" Nagel why should they get a pass when they ruined many lives...
"The Supreme Court on Thursday blocked for now a $6 billion bankruptcy settlement by Purdue Pharma that would protect its Sackler family owners from civil l awsuits related to the opioid crisis. The Supreme Court also said it will hear a challenge to the settlement by Purdue, the maker of the opioid OxyContin, by a U.S. Bankruptcy trustee."
"The Supreme Court on Thursday blocked for now a $6 billion bankruptcy settlement by Purdue Pharma that would protect its Sackler family owners from civil l awsuits related to the opioid crisis. The Supreme Court also said it will hear a challenge to the settlement by Purdue, the maker of the opioid OxyContin, by a U.S. Bankruptcy trustee."
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PO1 William "Chip" Nagel
SGT (Join to see) Bankruptcy seems to be Popular with Trump and the Sakler Family! Can't Afford to Pay for all the Evil and Pain they've Created!
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