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 combatblocked an agreement hammered out with state and local governments and victims. The Sacklers would have contributed up to $6 billion and given up ownership of the company but retained billions more.
The U.S. Bankruptcy Trustee, an arm of the Justice Department, argued that the bankruptcy law does not permit protecting the Sackler family from being sued. During the Trump administration, the government supported the settlement. Proponents of the plan said third-party releases are sometimes necessary to forge an agreement, and federal law imposes no prohibition against them.
The drug and the Stamford, Connecticut-based company became synonymous with the crisis, even though the majority of pills being prescribed and used were generic drugs. Opioid-related overdose deaths have continued to climb, hitting 80,000 in recent years. Most of those are from fentanyl and other synthetic drugs.
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.
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 from civil lawsuits over the toll of opioids.
Source: WGAL - 🏆 331. / 59 Read more »
The Supreme Court rejects a nationwide opioid settlement with OxyContin maker Purdue PharmaThe Arizona primary election is coming up soon and here are some important deadlines voters need to remember.
Source: 12News - 🏆 586. / 51 Read more »
Supreme Court blocks bankruptcy deal for OxyContin maker Purdue PharmaThe U.S. Supreme Court struck down Purdue Pharma's nationwide settlement agreement on Thursday, delaying compensation for opioid victims.
Source: FoxBusiness - 🏆 458. / 53 Read more »
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 »