‘s argument that Purdue’s settlement is an abuse of bankruptcy protections meant for debtors in financial distress, not for the owners of the multibillion-dollar opioid company, the Sackler family, who withdrew $11 billion from Purdue before agreeing to contribute $6 billion to its opioid settlement.
Gorsuch held that “nothing in present law authorized the Sackler discharge,” according to his narrow majority opinion in the caseThe Sackler family’s plan to settle lawsuits and transform Purdue Pharma into a nonprofit organization dedicated to addiction treatment was initially approved by a bankruptcy judge in 2011.
After years of litigation, the Supreme Court in August temporarily barred the pharmaceutical company from moving forward with bankruptcy proceedings and agreed to hear the Justice Department’s challenge to the plan on the merits.
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