The family behind OxyContin made a deal to pay billions for protection. A court has cut it down

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Following a 5-4 vote, the Supreme Court has dismissed an agreement made by Purdue Pharmacy to file for bankruptcy, which would have protected the family behind it from more litigation.

The US Supreme Court has blocked OxyContin maker Purdue Pharma's bankruptcy settlement that would have shielded its wealthy Sackler family owners from lawsuits over their role in the United States' deadly opioid epidemic.

"Today's ruling is heart-crushing because it invalidates a settlement supported by nearly all of our creditors - including states, local governments, personal injury victims, schools and hospitals - that would have delivered billions of dollars for victim compensation, opioid crisis abatement, and overdose rescue and addiction treatment medicines," it said.

Source: Law Daily Report (lawdailyreport.net)

 

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