Supreme Court blocks $6 billion opioid settlement that would …

Aug 11, 2023 · The Supreme Court on Thursday blocked Purdue Pharma from going forward with bankruptcy proceedings, which the Biden administration has called an “unprecedented” arrangement that would ...

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Supreme Court Blocks $6 Billion Opioid Settlement That Would …

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Supreme Court Temporarily Blocks Purdue Pharma Settlement …

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Aug 10, 2023 · The Supreme Court temporarily blocked a $6 billion bankruptcy settlement Thursday that would’ve protected the company’s owners, the Sackler family, from civil lawsuits …

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Supreme Court Blocks Purdue Pharma's $6 Billion Opioid Settlement

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Aug 10, 2023 · WASHINGTON − The Supreme Court on Thursday temporarily blocked a settlement reached with OxyContin maker Purdue Pharma that required members of the …

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Supreme Court Pauses Purdue Pharma’s Settlement Protecting …

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Aug 10, 2023 · Supreme Court Temporarily Blocks Immunity Deal for Sackler Family The former owners of Purdue Pharma, which declared bankruptcy in 2019, would be required to pay $6 …

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Purdue's Sacklers Offer To Increase Contribution In New Opioid ...

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2 days ago · Last year, the U.S. Supreme Court blocked Purdue Pharma's bankruptcy settlement of up to $6 billion, which would have shielded Sackler family members from lawsuits over their …

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FAQs about Supreme Court blocks $6 billion opioid settlement that would … Coupon?

Why did the Supreme Court block Purdue Pharma's bankruptcy settlement?

The U.S. Supreme Court on Thursday blocked OxyContin maker Purdue Pharma's bankruptcy settlement that would have shielded its wealthy Sackler family owners from lawsuits over their role in the nation's deadly opioid epidemic. ...

Why did the Supreme Court throw out Purdue Pharma's opioid settlement?

"The decision does nothing to deter us from the twin goals of using settlement dollars for opioid abatement and turning the company into an engine for good." The Supreme Court on Thursday threw out an opioid settlement for Purdue Pharma that would have shielded the Sackler family from personal liability. ...

Why did the Supreme Court put Purdue Pharma on hold?

It effectively undoes the years-in-the-making settlement that would’ve had Purdue Pharma transform into a public-benefit company dedicated to opioid abatement, with the multibillion contribution from the Sacklers funding those efforts and compensating victims. The Supreme Court had put the deal on hold as it considered the case. ...

Can Purdue Pharma's family sue for a multibillion-dollar opioid settlement?

The ruling clouds the future of a multibillion-dollar settlement for opioid epidemic victims but opens Purdue Pharma's founding family to hundreds of civil lawsuits. The U.S. Supreme Court on Thursday struck down a hotly contested deal that shielded members of the billionaire Sackler family from civil lawsuits related to the opioid epidemic. ...

Will Purdue Pharma pay $6 billion in settlement funds in 2022?

The former owners of Purdue Pharma, which declared bankruptcy in 2019, would be required to pay $6 billion in settlement funds The Supreme Court in Washington D.C., on December 28, 2022. Celal Gunes/Anadolu Agency via Getty Images ...

Are Purdue Pharma's Sackler family negotiating a bankruptcy settlement?

Photo: timothy a. clary/Agence France-Presse/Getty Images Purdue Pharma’s Sackler family owners are offering to increase their financial contribution to a bankruptcy settlement of opioid lawsuits while accepting some exposure to future litigation, according to people with knowledge of confidential mediation discussions. ...