The Supreme Court on Thursday rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have shielded members of the Sackler family who own the company from civil lawsuits over the toll of opioids but also would have provided billions of dollars to combat the opioid epidemic.
The issue for the justices was whether the legal shield that bankruptcy provides can be extended to people such as the Sacklers, who have not declared bankruptcy themselves. Lower courts had issued conflicting decisions over that issue, which also has implications for other major product liability lawsuits settled through the bankruptcy system.
Proponents of the plan said third-party releases are sometimes necessary to forge an agreement, and federal law imposes no prohibition against them.
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:
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.
The Supreme Court rejects a nationwide opioid settlement with OxyContin maker Purdue PharmaThe Supreme Court has rejected a nationwide settlement with OxyContin maker Purdue Pharma that would've shielded Sackler family members who own the company from civil lawsuits over the toll of opioids but also would've provided billions of dollars to combat the epidemic.
Source: wjxt4 - 🏆 246. / 63 Read more »
The Supreme Court rejects a nationwide opioid settlement with OxyContin maker Purdue PharmaThe Supreme Court has rejected a nationwide settlement with OxyContin maker Purdue Pharma that would've shielded Sackler family members who own the company from civil lawsuits over the toll of opioids but also would've provided billions of dollars to combat the epidemic.
Source: ksatnews - 🏆 442. / 53 Read more »
The Supreme Court rejects a nationwide opioid settlement with OxyContin maker Purdue PharmaThe Supreme Court has rejected a nationwide settlement with OxyContin maker Purdue Pharma that would've shielded Sackler family members who own the company from civil lawsuits over the toll of opioids but also would've provided billions of dollars to combat the epidemic.
Source: AP - 🏆 728. / 51 Read more »
Supreme Court rejects Purdue Pharma bankruptcy plan that shielded Sackler familyThe Supreme Court on Thursday derailed a multi-billion-dollar bankruptcy plan for Purdue Pharma, the maker of OxyContin, siding with the Biden administration.
Source: CBSNews - 🏆 87. / 68 Read more »
Supreme Court Kills Purdue Pharma Settlement That Would Have Shielded Sacklers From LiabilityAlison Durkee is a senior reporter covering breaking news, with a focus on legal issues and U.S. politics. She joined Forbes in 2020 and is based in London and New York, covering such topics as the Supreme Court, litigation against Donald Trump and clashes over abortion rights. Durkee previously covered U.S.
Source: ForbesTech - 🏆 318. / 59 Read more »
Supreme Court blocks Purdue Pharma opioid settlementLawrence Hurley covers the Supreme Court for NBC News.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »