US Supreme Court rejects Purdue Pharma bankruptcy deal, preserving Sackler family's liability for opioid crisis.

The US Supreme Court has rejected a bankruptcy deal for Purdue Pharma, the maker of OxyContin, that would have shielded the Sackler family from civil lawsuits over the opioid crisis. The court's 5-4 decision blocks an agreement that would have provided up to $6 billion for victims of the epidemic while giving the Sackler family immunity from future opioid-related litigation. The ruling follows objections from the Biden administration, which argued that the settlement was an abuse of bankruptcy protections.

June 27, 2024
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