OxyContin Maker's Bankruptcy Deal Goes Before The Supreme Court - News Summed Up

OxyContin Maker's Bankruptcy Deal Goes Before The Supreme Court


Outside the court, a small but vocal group of protesters opposed the Purdue Pharma agreement. The U.S. Bankruptcy Trustee, an arm of the Justice Department, contends that the bankruptcy law does not permit protecting the Sackler family from being sued. AdvertisementBut the Purdue Pharma settlement would be one of only two so far that include direct payments to victims from a $750 million pool. Sackler family members no longer are on the company’s board, and they have not received payouts from it since before Purdue Pharma entered bankruptcy. A decision in Harrington v. Purdue Pharma, 22-859, is expected by early summer.


Source: Huffington Post December 05, 2023 01:43 UTC



Loading...
Loading...
  

Loading...