Posted on Dec 4, 2023
Purdue Pharma, Sacklers' OxyContin settlement lands at the Supreme Court
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https://www.npr.org/2023/12/04/ [login to see] /purdue-sacklers-oxycontin-supreme-court
The opioid crisis comes to the Supreme Court Monday as the justices hear arguments in a challenge to the bankruptcy deal meant to compensate victims of the highly addictive pain killer OxyContin.
Under the terms of the deal approved by a lower court, Purdue Pharma—the maker, aggressive peddler, and deceptive marketer of Oxycontin— agreed to pay billions of dollars to those harmed in the opioid epidemic. In exchange, the deal shields members of the Sackler family from personal liability, though they owned and ran the company.
Just what happened at Purdue Pharma, and what the Sacklers did, was not known for a long time. Now, however, their role and the company's have been well documented, in court and movies, books, and documentaries, like Crime of the Century.
The opioid crisis comes to the Supreme Court Monday as the justices hear arguments in a challenge to the bankruptcy deal meant to compensate victims of the highly addictive pain killer OxyContin.
Under the terms of the deal approved by a lower court, Purdue Pharma—the maker, aggressive peddler, and deceptive marketer of Oxycontin— agreed to pay billions of dollars to those harmed in the opioid epidemic. In exchange, the deal shields members of the Sackler family from personal liability, though they owned and ran the company.
Just what happened at Purdue Pharma, and what the Sacklers did, was not known for a long time. Now, however, their role and the company's have been well documented, in court and movies, books, and documentaries, like Crime of the Century.
Purdue Pharma, Sacklers' OxyContin settlement lands at the Supreme Court
Posted from npr.org
Drugs
Pharmaceuticals
Lawsuit
Bankruptcy
Posted 5 mo ago
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PO1 William "Chip" Nagel
..."They originally offered about $4 billion to settle all the claims and later raised the total to $6 billion.
Justice Samuel A. Alito Jr. said it may not be realistic to obtain more. Their assets may not be "reachable," he said, since they live outside the United States now.
Not all the justices were in agreement, however. Justices Neil M. Gorsuch and Ketanji Brown Jackson focused on the bankruptcy law and questioned how it can be extended to people who are not bankrupt.
"It would raise serious due process claims," Gorsuch said, to tell victims of OxyContin that they may not sue the Sacklers for the damage done by the opioids that were aggressively marketed by Purdue Pharma."
..."They originally offered about $4 billion to settle all the claims and later raised the total to $6 billion.
Justice Samuel A. Alito Jr. said it may not be realistic to obtain more. Their assets may not be "reachable," he said, since they live outside the United States now.
Not all the justices were in agreement, however. Justices Neil M. Gorsuch and Ketanji Brown Jackson focused on the bankruptcy law and questioned how it can be extended to people who are not bankrupt.
"It would raise serious due process claims," Gorsuch said, to tell victims of OxyContin that they may not sue the Sacklers for the damage done by the opioids that were aggressively marketed by Purdue Pharma."
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