The Supreme Court is set to hear arguments over whether the agreement in Purdue Pharma's bankruptcy violates federal law. The agreement would exempt members of the wealthy Sackler family from civil lawsuits in exchange for giving up ownership of the drug manufacturer and contributing up to $6 billion to fight the opioid crisis.
The Supreme Court is set to hear arguments over whether the agreement in Purdue Pharma 's bankruptcy violates federal law . The agreement would exempt members of the wealthy Sackler family from civil lawsuits in exchange for giving up ownership of the drug manufacturer and contributing up to $6 billion to fight the opioid crisis . The issue is whether the legal shield of bankruptcy can be extended to individuals who have not declared bankruptcy themselves.
Conflicting lower court decisions have been made on this matter
Supreme Court Arguments Purdue Pharma Bankruptcy Federal Law Sackler Family Civil Lawsuits Ownership Drug Manufacturer Opioid Crisis
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