We are Sure Bet News BTC famous casinos not on gamstop reviews
News from around the world

Supreme Court Overturns Purdue Pharma Opioid Settlement Protecting Sacklers

us-supreme-court

Following the Supreme Court‘s decision to strike down Purdue Pharma’s controversial bankruptcy plan, the maker of OxyContin, those who had sued the drug company were left uncertain about when promised funds would be available to combat addiction and other damages from the ongoing drug epidemic.

The ruling dismantled a carefully-crafted settlement worth roughly $8 billion, involving the Sackler family, which owns Purdue, and all the individuals, states, and local governments that had sued over harms from the opioid epidemic.

In a 5-4 decision, the justices focused on the part of the Purdue bankruptcy plan that shielded members of the Sackler family from future opioid-related lawsuits.

Some relatives of overdose victims praised the decision. Ed Bisch’s son, also named Ed, overdosed on OxyContin in 2001 at age 18. Bisch now leads Relatives Against Purdue Pharma and wants the Sacklers held personally accountable.

Purdue Pharma was facing thousands of lawsuits for falsely marketing OxyContin as non-addictive and fueling the opioid crisis. The company filed for bankruptcy in 2019.

Before that, the Sackler family had moved about $11 billion of profits into personal accounts. In his ruling, Gorsuch said members of the family had created a “milking program” designed to shelter opioid profits from their company’s bankruptcy.

During the bankruptcy negotiations, the family offered to pay $6 billion in exchange for immunity from future lawsuits.

A federal bankruptcy judge approved that deal in 2021, but Gorsuch ruled that it was an overreach.

Related posts

Lammy Cites Christianity And Class As Shared Ground With JD Vance

Soyiga

Historic First Baptist Dallas Sanctuary Damaged in Major Fire

Sylvia

Protesters Storm Bangladesh Jail, Release ‘Hundreds Of Inmates’

Soyiga

Bangladesh Imposes Nationwide Curfew Amid Deadly Protests Over Government Job Quotas

Sylvia

Melania Trump Avoids Donald Trump’s Kiss In Awkward Public Moment

Soyiga

AOC and Omar Criticize Anonymous Leaks About Biden’s 2024 Campaign

Sylvia

Leave a Comment