US Supreme Court rejects opioid settlement that shields Sackler family

  • 📰 malaymail
  • ⏱ Reading Time:
  • 52 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 86%

Sackler Family News

Opioid Crisis,US Supreme Court

WASHINGTON, June 27 — The US Supreme Court today rejected Purdue Pharma’s US$6 billion opioids settlement immunizing the Sackler family that controlled the drugmaker from...

Organisers of YB Viral’s anti-Anwar protest say will go ahead despite rejection by Putrajaya local govt, tell cops to facilitate instead

The court held that “the bankruptcy code does not authorize this kind of order,” with the majority opinion written by Neil Gorsuch and joined by Clarence Thomas, Samuel Alito, Amy Coney Barrett and Ketanji Brown Jackson. “The plan was a shining example of the bankruptcy system at work,” he continued. “Not surprisingly, therefore, virtually all of the opioid victims and creditors in this case fervently support approval of Purdue’s bankruptcy reorganization plan.”

The Justice Department, acting as a bankruptcy watchdog body known as the US Trustee, accused the Sacklers of withdrawing US$11 billion from Purdue Pharma over the decade before the company filed for bankruptcy protection.Arguing the case in December, Deputy Solicitor General Curtis Gannon outlined the Biden administration’s objections to the deal.

Purdue’s bankruptcy filing resulted directly from the massive, country-wide litigation against it and other major drugmakers and pharmacy companies for knowingly fomenting the addiction crisis.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in ERROR

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.

US Supreme Court rejects bid to curb govt contact with social media firmsWASHINGTON, June 26 — The US Supreme Court today rejected a Republican-led bid to curb government contact with social media companies to moderate their content, a ruling that...
Source: malaymail - 🏆 1. / 86 Read more »

Israel supreme court rules religious seminary students must be drafted to militaryJERUSALEM, June 25 —Israel’s Supreme Court ruled today that the government must draft ultra-Orthodox Jewish seminary students to the conscript military, a decree likely to send...
Source: malaymail - 🏆 1. / 86 Read more »

US Supreme Court rejects bid to restrict abortion pillWASHINGTON: The US Supreme Court on Thursday rejected a bid to restrict a pill widely used to terminate pregnancies, but President Joe Biden warned th...
Source: theSundaily - 🏆 25. / 51 Read more »

Indonesia’s Supreme Court revises regional election rulesJAKARTA: Indonesia’s Supreme Court has approved regulatory changes on the age of candidates in regional elections, the court said today, amid speculation the president’s 29-year-old son is seeking to run in upcoming Jakarta elections.
Source: DailyExpress_MY - 🏆 3. / 83 Read more »

Court allows Fahmi to transfer suit against Papagomo to another High CourtCutting-edge devices are transforming the lives of visually impaired youth in North Carolina, providing clarity in daily tasks and education.
Source: staronline - 🏆 4. / 75 Read more »

Court allows Fahmi Fadzil to transfer suit against Papagomo to another high courtKUALA LUMPUR: The High Court today allowed the application of Communications Minister Fahmi Fadzil to transfer his lawsuit against Wan Muhammad Azri W...
Source: theSundaily - 🏆 25. / 51 Read more »