Supreme Court blocks OxyContin maker’s chapter deal that will protect Sackler relations

Read more

WASHINGTON — The Supreme Court on Thursday blocked a nationwide settlement with OxyContin maker Purdue Pharma that will protect members of the Sackler household who personal the corporate from civil lawsuits over the toll of opioids.

Read more

The justices agreed to a request from the Biden administration to place the brakes on an settlement reached final 12 months with state and native governments. In addition, the excessive courtroom will hear arguments earlier than the top of the 12 months over whether or not the settlement can proceed.

Read more

The deal would enable the corporate to emerge from chapter as a unique entity, with its income used to struggle the opioid epidemic. Members of the Sackler household would contribute as much as $6 billion.

Read more

But a key element of the settlement would protect relations, who should not in search of chapter safety as people, from lawsuits.

Read more

The U.S. Bankruptcy Trustee, represented by the Justice Department, opposes releasing the Sackler household from authorized legal responsibility.

Read more

Copyright © 2023 The Washington Times, LLC.

Read more

Content Source: www.washingtontimes.com

Read more

Did you like this story?

Please share by clicking this button!

Visit our site and see all other available articles!

US 99 News