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Supreme Court Blocks Purdue Pharma Opioid Settlement

WaPo [6/27] - This week, a divided Supreme Court blocked a controversial proposed Purdue Pharma bankruptcy plan that would have provided billions of dollars to help address the nation’s opioid crisis in exchange for protecting the family that owns the company from future lawsuits. The justices ruled that U.S. bankruptcy code does not allow a court to shield the Sackler family, which owns the company and had agreed to pay up to $6 billion over 18 years as part of the plan, from future opioid lawsuits, as family members did not file for bankruptcy themselves. Cont.

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