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Sackler

Members of the bankruptcy bar have watched, debated and questioned the results of the U.S. Supreme Court’s recent 5-4 ruling that upended an agreement related to the bankruptcy proceedings of Purdue Pharma, maker of OxyContin. (Depositphotos.com)
Sep 18, 2024

Ruling sparks interest, debate among bankruptcy bar

The U.S. Supreme Court's decision in the Purdue Pharma bankruptcy has led to diverse reactions from lawyers in that field, highlighting uncertainties in third-party liability releases and potential impacts on bankruptcy practices, particularly in mass tort cases.

Supreme Court Opioid Crisis Purdue Pharma
Dec 5, 2023

Court wrestles with Perdue Pharma settlement

WASHINGTON — The Supreme Court on Monday wrestled with a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family who own the company from […]

Lee Nuss, Ellen Isaacs
Nov 27, 2023

SCOTUS to resolve opioid settlement issue

WASHINGTON — The agreement by the maker of OxyContin to settle thousands of lawsuits over the harm done by opioids could help combat the overdose epidemic that the painkiller helped […]

Opioid Crisis Purdue Bankruptcy
Jul 26, 2023

Court OKs OxyContin maker’s bankruptcy, Sackler family’s protection

OxyContin maker Purdue Pharma can start its transformation under a bankruptcy agreement that allows the members of the wealthy Sackler family who own the company to avoid civil lawsuits over the opioid crisis, a court has ruled. The state and local governments that were suing Purdue for its role in the epidemic agreed to a settlement last year that requires family members to pay up to $6 billion a[...]

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