2024-06-27 20:02:52

Supreme Court Blocks Purdue Pharma's Sackler Family Liability Shield in Opioid Settlement

The Supreme Court's 5-4 decision rejected a provision in Purdue Pharma's opioid settlement that aimed to shield the Sackler family from related lawsuits, jeopardizing the promised $6 billion to address the crisis. This ruling ensures that the Sacklers will not have immunity from liability in opioid-related cases, overturning a lower court's decision.

The decision halts the release of funds that could have assisted in alleviating the opioid crisis and throws the settlement of thousands of lawsuits into uncertainty. The case centered on whether bankruptcy law can protect the Sackler family members, who have not filed for personal bankruptcy, leading to a victory for the Biden administration that had opposed the settlement.

New York Times - U.S.
27. Juni 2024 um 22:49

Supreme Court Rejects Liability Shield at Center of Purdue Pharma Settlement

Politics
Economy
The Supreme Court rejected a provision in Purdue Pharma's multibillion-dollar opioid settlement that would have shielded members of the wealthy Sackler family from related lawsuits. The 5-4 decision jeopardizes the carefully negotiated settlement, which had promised up to $6 billion to address the opioid crisis. The ruling ensures that the Sacklers will no longer be granted immunity from liability in opioid-related lawsuits.
Yahoo Finance
27. Juni 2024 um 14:10

US Supreme Court blocks Purdue Pharma bankruptcy settlement

Politics
Economy
The U.S. Supreme Court has blocked Purdue Pharma's bankruptcy settlement that would have shielded its wealthy Sackler family owners from lawsuits over their role in the nation's deadly opioid epidemic. The 5-4 decision reversed a lower court's ruling that had upheld the plan to give Purdue's owners immunity in exchange for paying up to $6 billion to settle thousands of lawsuits accusing the company of unlawful misleading marketing of OxyContin.
World - South China Morning Post
27. Juni 2024 um 14:45

US Supreme Court blocks OxyContin maker Purdue Pharma's settlement shielding owners from lawsuits

Politics
Economy
The U.S. Supreme Court has blocked OxyContin maker Purdue Pharma's bankruptcy settlement that would have shielded its wealthy Sackler family owners from lawsuits over their role in the nation's deadly opioid epidemic. The ruling represents a victory for the Biden administration, which had challenged the settlement as an abuse of bankruptcy protections. The case centered on whether U.S. bankruptcy law allows Purdue's restructuring to include legal protections for the Sackler family members, who..
EL PAÍS
27. Juni 2024 um 14:29

The U.S. Supreme Court Overturns Purdue Pharma's Bankruptcy Plan for Shielding the Sacklers

Politics
The U.S. Supreme Court overturned Purdue Pharma's bankruptcy agreement, which shielded the Sackler family from potential lawsuits related to the opioid crisis. The decision halts the payment of compensation to victims and leaves the Sacklers without the protection they sought, but it also deprives the plaintiffs of the compensation they expected to receive.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!