NEW YORKâBankrupt OxyContin maker Purdue Pharma can shield its owners, members of the wealthy Sackler family, from opioid lawsuits in exchange for a $6 billion contribution to the company’s broader bankruptcy settlement, a U.S. appeals court ruled on Tuesday. The New York-based 2nd U.S. Circuit Court of Appeals said that U.S. bankruptcy law allows legal…
Purdue Pharma Can Protect Sackler Owners in Opioid Bankruptcy, Court Rules
Appeals Are Mounting in Purdue Pharma Bankruptcy Settlement
Objections to a historic settlement with Purdue Pharma are mounting in the form of appeals, with Rhode Island’s attorney general saying Wednesday the plan doesn’t hold the OxyContin maker or its owners accountable for its role in sparking the opioid crisis. Rhode Island appealed Tuesday in U.S. Bankruptcy Court in New York. Separate appeals have…
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