Supreme Court blocks bankruptcy deal for OxyContin maker Purdue Pharma

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 4 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 5%
  • Publisher: 53%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

The U.S. Supreme Court struck down Purdue Pharma's nationwide settlement agreement on Thursday, delaying compensation for opioid victims.

The U.S. Supreme Court voted to block a controversial bankruptcy deal for Purdue Pharma, the drug company at the center of the opioid crisis, on Thursday. The narrow 5-4 ruling rejected a nationwide bankruptcy settlement from proceeding with the company, and it potentially exposes the company's owners--the Sackler family--to civil consequences. Purdue Pharma is the creator of OxyCotin and is responsible for proliferating the drug across the U.S.

This is a developing story. Check back soon for updates.

 

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:

 /  🏆 458. 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.

The Supreme Court rejects a nationwide opioid settlement with OxyContin maker Purdue PharmaHush Money Bikes Summer Hootenanny is a bike ride through historical areas that helps raise money for the Susquehanna Area Mountain Bike Association's projects.
Source: fox43 - 🏆 564. / 51 Read more »

The Supreme Court rejects a nationwide opioid settlement with OxyContin maker Purdue PharmaPublishers have used many creative ways to keep going. It's the topic of a 9NEWS Special called 'Hard Pressed: Keeping Community Newspapers Alive.'
Source: 9NEWS - 🏆 238. / 63 Read more »

The Supreme Court rejects a nationwide opioid settlement with OxyContin maker Purdue PharmaAfter deliberating more than six months, the justices in a 5-4 vote blocked an agreement hammered out with state and local governments and victims.
Source: PhillyInquirer - 🏆 81. / 68 Read more »

The Supreme Court rejects a nationwide opioid settlement with OxyContin maker Purdue PharmaBy MARK SHERMAN WASHINGTON (AP) — The Supreme Court on Thursday rejected a nationwide settlement with OxyContin maker Purdue Pharma that would have shielded members of the Sackler family who …
Source: denverpost - 🏆 13. / 72 Read more »

The Supreme Court rejects a nationwide opioid settlement with OxyContin maker Purdue PharmaThe Indianapolis Zoo posted a special announcement on social media Wednesday, announcing the return of walruses to the zoo on Monday, July 1.
Source: WTHRcom - 🏆 329. / 59 Read more »

Supreme Court rejects 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.
Source: KSLcom - 🏆 549. / 51 Read more »