Liberal Forum

Supreme Court puts Purdue Pharma bankruptcy deal on hold over Sackler provision

 WASHINGTON — The Supreme Court put the bankruptcy reorganization of opioid maker Purdue Pharma on hold Thursday, granting an emergency request from the Biden administration that raised objections about a provision that protects the Sackler family from liability for lawsuits.

 The justices, in a brief order with no dissenting votes noted, blocked an appeals court decision that allowed the bankruptcy to move forward. As part of the deal, the Sackler family, which controlled the company, had agreed to pay $6 billion that could be used to settle opioid-related claims but only in return for a complete release from any liability in future cases.

 The court also agreed to take up the government's appeal, meaning it will hear oral arguments in December and likely issue a ruling early next year.The legal question raised is whether the bankruptcy court had the authority to release the Sackler family members from the claims being made by opioid victims.A Purdue spokesperson said in a statement that the company is "confident in the legality of our nearly universally supported plan of reorganization, and optimistic that the Supreme Court will agree."Purdue made billions from OxyContin, a widely available painkiller that fueled the opioid epidemic. The company's tactics in aggressively marketing the drug came under increasing scrutiny as thousands of people died from opioid overdoses in recent years.

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The Sackler family transferred billions of dollars out of their Big Parma corporation and Uncle Joe wants to claw those billions back for mainly poor white Trumpies who became addicted to OxyContin.

Thanks, Joe Biden.
 
 

why are you labeled a child groomer and sex predator

What ever happened to

BUILD BACK BETTER?

hahaha....

the old pedo sure talks alot

Bruce » 10 Aug 2023, 5:23 pm » wrote: ↑

10 Aug 2023, 5:23 pm

Supreme Court puts Purdue Pharma bankruptcy deal on hold over Sackler provision

 WASHINGTON — The Supreme Court put the bankruptcy reorganization of opioid maker Purdue Pharma on hold Thursday, granting an emergency request from the Biden administration that raised objections about a provision that protects the Sackler family from liability for lawsuits.

 The justices, in a brief order with no dissenting votes noted, blocked an appeals court decision that allowed the bankruptcy to move forward. As part of the deal, the Sackler family, which controlled the company, had agreed to pay $6 billion that could be used to settle opioid-related claims but only in return for a complete release from any liability in future cases.

 The court also agreed to take up the government's appeal, meaning it will hear oral arguments in December and likely issue a ruling early next year.The legal question raised is whether the bankruptcy court had the authority to release the Sackler family members from the claims being made by opioid victims.A Purdue spokesperson said in a statement that the company is "confident in the legality of our nearly universally supported plan of reorganization, and optimistic that the Supreme Court will agree."Purdue made billions from OxyContin, a widely available painkiller that fueled the opioid epidemic. The company's tactics in aggressively marketing the drug came under increasing scrutiny as thousands of people died from opioid overdoses in recent years.

——

The Sackler family transferred billions of dollars out of their Big Parma corporation and Uncle Joe wants to claw those billions back for mainly poor white Trumpies who became addicted to OxyContin.

Thanks, Joe Biden.

   
THE CRIME THUG COULDN'T SOLVE THE COVID CRISIS.
MADE IT WORSE. 
 

Bidens New America


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