Opioid Crisis Fallout: Supreme Court Blocks $6 Billion Purdue Pharma Deal Threatening Victim Payouts
Washington, DC – In a momentous decision, the Supreme Court smashed the extensive bankruptcy reorganization of Purdue Pharma, the opioid manufacturer, ruling that the settlement improperly shielded the Sackler family. This ruling puts at risk billions of dollars earmarked for victims of the opioid crisis. The 5-4 vote concluded that the bankruptcy court overstepped its bounds by absolving the Sackler family from legal liabilities related to the misdeeds of Purdue Pharma. The arrangement included an …