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The Supreme Court Blocks Purdue Pharma’s $6B Opioid Settlement

The Supreme Court on Thursday blocked, for now, a multi-billion-dollar bankruptcy settlement by Purdue Pharma that would protect its Sackler family owners from civil lawsuits related to the opioid crisis.

The Supreme Court also said it will hear a U.S. Bankruptcy trustee’s challenge to the settlement by Purdue, the maker of the opioid OxyContin, with all 50 U.S. states, and other parties.

The order Thursday directed parties to file briefs on a question of whether bankruptcy courts can approve a Chapter 11 reorganization that releases claims by non-debtors against non-debtor third parties “without the claimants’ consent.”

Read more at News.law

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