Supreme Court… opioid settlement…
Members of the Sackler family have denied wrongdoing but expressed regret that OxyContin “unexpectedly became part of an opioid crisis.” … another sign read, “Deadliest white collar criminals – the Sackler cartel.”
…the Sackler family members withdrew billions from Purdue before agreeing to contribute up to $6 billion to its opioid settlement. The deal conflicts with “the nuts and bolts” of bankruptcy law, Gannon said, because it “permits the Sacklers to decide how much they’re going to contribute.” Purdue’s owners under the deal would receive immunity in exchange for paying up to $6 billion to settle thousands of lawsuits filed by states, hospitals, people who had become addicted and others who have sued the company over allegedly misleading marketing of its powerful pain medication OxyContin. At issue in the case is whether U.S. bankruptcy law allows Purdue’s restructuring to include legal protections for the members of the Sackler family, who have not filed for personal bankruptcy… outside the court… protested the settlement, including family members of opioid victims. “Sacklers lie, people die,” some of the demonstrators chanted. Some held signs in memory of people who died from opioids.
Original Article (New York Times & Reuters):
US Supreme Court torn over Purdue Pharma bankruptcy settlement & US Supreme Court torn over Purdue Pharma bankruptcy settlement
Artwork Fair Use: Auckland Museum
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