"It will delay, and perhaps end, the ability of creditors, communities, and individuals to receive billions in value to abate the opioid crisis,” said Steve Miller, chairman of the Purdue board of directors. New York Attorney General Letitia James, like several others, sued Sackler family members and opposed the settlement before eventually agreeing to it this year. A bankruptcy court judge approved the plan over the objections in September. The main issue on the appeal was the lawfulness of the measures that would extend legal protections to family members. “The great unsettled question in this case is whether the Bankruptcy Court – or any court – is statutorily authorized to grant such releases.

Source: thestar December 17, 2021 12:19 UTC