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Federal judge overturns Purdue bankruptcy settlement that shields the Sackler family from opiod liability

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Raftina

Raftina

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Jun 27, 2020
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www.reuters.com

U.S. judge tosses $4.5 bln deal shielding Sacklers from opioid lawsuits

A federal judge overturned a roughly $4.5 billion settlement that legally shielded members of the Sackler family who stand accused of helping fuel the U.S. opioid epidemic, a decision that threatened to upend the bankruptcy reorganization of their company, OxyContin maker Purdue Pharma LP.
www.reuters.com www.reuters.com

A federal judge overturned a roughly $4.5 billion settlement that legally shielded members of the Sackler family who stand accused of helping fuel the U.S. opioid epidemic, a decision that threatened to upend the bankruptcy reorganization of their company, OxyContin maker Purdue Pharma LP.

U.S. District Judge Colleen McMahon said in a written opinion on Thursday the New York bankruptcy court that approved the settlement did not have authority to grant the Sacklers the legal protection from future opioid litigation that formed the linchpin of Purdue's reorganization.
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Edit: It is already posted. Reported to close.
www.resetera.com

A federal judge in Manhattan has overturned a settlement that would have shielded members of the Sackler family from civil opioid suits News

www.resetera.com www.resetera.com
 
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