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.
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 […]
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 […]
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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