SCOTUS pauses Purdue Pharma bankruptcy plan over whether it can shield founders from opioid liability
newscatcher
2023-08-11 02:33
SCOTUS pauses Purdue Pharma bankruptcy plan over whether it can shield founders from opioid liability
Pavlo Gonchar/SOPA Images/LightRocket via Getty Images (WASHINGTON) -- The U.S. Supreme Court on Thursday temporarily blocked Purdue Pharma's plan to emerge from bankruptcy that shielded the founding Sackler families from liability in the nation's opioid epidemic. The application for a stay, brought by the U.S. Department of Justice, was presented to Justice Sonia Sotomayor and referred by her to the wider court, which agreed to hear argument on whether the nation's bankruptcy laws allow a court to approve, as part of a plan of reorganization under Chapter 11, a release from litigation for third parties who are not themselves filing for bankruptcy.

https://wadk.com/national-news/c06c12e03d05076cfdcaedde9c4ceb13

#wadk
Piilota kommentit Kommentit (0)

Sinun täytyy kirjautua sisään ennen kuin voit kommentoida.