The Supreme Court is set to hear oral arguments on Dec. 4 over a bankruptcy deal that releases members of the Sackler family, who led Purdue Pharma, from future civil liability related to OxyContin.
Harrington v. Purdue Pharma L.P. is years in the making and could alter precedent for how bankruptcy courts effectively shield third-party non-debtors from onerous litigation. Purdue filed for Chapter 11 bankruptcy in 2019, facing thousands of lawsuits seeking more than $40 trillion. It has already pleaded guilty to federal criminal charges related to the opioid's marketing.
In the years preceding Purdue's bankruptcy, the Sackler family had already taken $11 billion from the company and transferred a significant portion of their wealth overseas, according to the Justice Department's briefing to the Supreme Court.
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Supreme Court to Consider Deal Removing Liability From Family Behind Oxycontin Manufacturer
- by: Sam Dorman
- 12.03.23
- Source:
The Epoch Times
- 12/04/2023
Us Supreme Court by dbking is licensed under Creative Commons Creative Commons
Us Supreme Court by dbking is licensed under Creative Commons Creative Commons
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