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.
The press radar on this topic:
US Supreme Court blocks Purdue Pharma bankruptcy settlement
US Supreme Court blocks OxyContin maker Purdue Pharma's settlement shielding owners from lawsuits
The U.S. Supreme Court Overturns Purdue Pharma's Bankruptcy Plan for Shielding the Sacklers
Welcome!
![InfoBud.ai](https://ik.imagekit.io/enm51urx3/static/infobud-world-news-300.jpg)
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