Supreme Court blocks, for now, OxyContin maker’s bankruptcy deal that would shield Sackler family members

  • 📰 wsfa12news
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 59%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

Supreme Court blocks OxyContin maker’s bankruptcy deal that would shield Sackler family members

that would shield members of the Sackler family who own the company from civil lawsuits over the toll of opioids.

The deal would allow the company to emerge from bankruptcy as a different entity, with its profits used to fight the But a key component of the agreement would shield family members, who are not seeking bankruptcy protection as individuals, from lawsuits. The justices directed the parties to address whether bankruptcy law authorizes a blanket shield from lawsuits filed by all opioid victims.Lawyers for Purdue and other parties to the agreement had urged the justices to stay out of the case.

Ed Neiger, a lawyer representing individual victims of the opioid crisis who would be in line for a piece of the settlement, said it was a disappointment that they would have to wait longer for any compensation but also praised the court for agreeing to hear the case so soon. “They clearly see the urgency of the matter,” he said.

 

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:

 /  🏆 338. in LAW

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.

Supreme Court Freezes Lower Court Ruling, Allowing Feds to Regulate Ghost GunsThe Supreme Court has issued a stay on a lower court's ruling, enabling the US government to once again regulate 'ghost gun' kits. The lower court had previously determined that the kits could not be defined as firearms, hindering federal tracking efforts.
Source: nypost - 🏆 91. / 67 Read more »

The Internet Speech Case That the Supreme Court Can’t DodgeThe Supreme Court will have to directly deal with issues involving platforms and speech in a dispute that will come before the justices in the next year.
Source: WIREDBusiness - 🏆 68. / 68 Read more »

Supreme Court Reinstates Regulation of Ghost Guns, Firearms Without Serial NumbersThe court on Tuesday voted 5-4 to put on hold a ruling from a federal judge in Texas that invalidated the Biden administration's regulation of ghost gun kits
Source: wsyx6 - 🏆 444. / 53 Read more »

Supreme Court Reinstates Regulation of Ghost GunsThe Supreme Court has voted to reinstate a regulation aimed at controlling the proliferation of ghost guns, firearms without serial numbers that have been increasingly found at crime scenes nationwide. The ruling puts on hold a federal judge's decision in Texas that invalidated the Biden administration's regulation of ghost gun kits. The regulation will remain in effect while the administration appeals the ruling to the 5th U.S. Circuit Court of Appeals and potentially the Supreme Court.
Source: YahooNews - 🏆 380. / 59 Read more »

Supreme Court Temporarily Reinstates Biden ‘Ghost Gun’ RuleThe Supreme Court has temporarily reinstated the Biden administration's 'Ghost Gun' rule, which aims to regulate firearms without serial numbers. The rule will remain in effect while an appeals court determines its legality. 'Ghost guns' are untraceable weapons often assembled from kits and purchased without background checks, and their presence at crime scenes has been on the rise, with over 19,000 seized in 2021 alone.
Source: AllSidesNow - 🏆 572. / 51 Read more »