Factbox-Bankruptcy cases to watch after US Supreme Court Purdue Pharma ruling

- The U.S. Supreme Court's ruling on Thursday scuttling OxyContin maker Purdue Pharma's bankruptcy settlement could have a sweeping impact on how U.S. bankruptcy courts handle cases aimed at resolving sprawling litigation.More than two dozen Catholic diocese have filed for bankruptcy in recent years in the wake of an avalanche of lawsuits by childhood victims of clergy sexual abuse following changes in state laws that allowed new lawsuits to be filed for older sex abuse claims.

Protecting non-debtors from lawsuits is a "critical" part of those bankruptcies, enabling the dioceses to gather settlement contributions from insurers, parishes, Catholic schools and other organizations that may also be liable for the abuse claims, the brief from the Catholic bishops said.

Boy Scouts of America, like the Catholic dioceses, used non-debtor releases to gather settlement contributions from other organizations that could be on the hook for abuse lawsuits, including insurers, local Boy Scouts councils and non-affiliated charities and churches that ran Scouting programs. There have been fewer new mass tort bankruptcies this year, in part due to uncertainty over the Supreme Court's Purdue ruling and the high-profile dismissals of contentious bankruptcy cases initiated by wealthy corporations Johnson & Johnson and 3M. But some older mass tort cases are still working their way through the courts.

A Port St. Lucie mother has been sentenced to 21 life terms in prison plus 800 years after being convicted of 'evil and horrific' sex crimes against her children.LETHBRIDGE, Alta. — Anthony Olienick, sitting alone in an empty police interrogation room, breaks down in tears when he learns the COVID-19 protest blockade at Coutts, Alta., has disbanded in part because of his arrest.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. Supreme Court blocks bankruptcy settlement with OxyContin maker Purdue PharmaThe settlement would have shielded Purdue’s wealthy Sackler family owners from lawsuits over their role in the nation’s deadly opioid epidemic
Source: globebusiness - 🏆 31. / 66 Read more »

Quebec court alarmed public by improperly using term 'secret trial,' Supreme Court rulesThe Supreme Court of Canada is seen in a file photo from June 2023.
Source: CBC - 🏆 32. / 63 Read more »

Sydney River man elects trial in Supreme Court; Cape Breton court report for May 29, 2024Explore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Sydney River man elects trial in Supreme Court; Cape Breton court report for May 29, 2024Explore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Rite Aid seeks bankruptcy court approval to cut $2 billion debtRite Aid will ask a U.S. bankruptcy court to approve its restructuring plan on Thursday, seeking to cut $2 billion in debt and turn over control of the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Court refuses to discharge Greg Martel from bankruptcyBankruptcy discharge hearing adjourned, which means Martel will remain an “undischarged bankrupt” and his debts of more than $300 million stay intact
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »