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Supreme Court hears case to determine whether non-bankrupt shareholders can use bankruptcy law to circumvent lawsuit liability

Supreme Court hears case to determine whether non-bankrupt shareholders can use bankruptcy law to circumvent lawsuit liability

by Julian Andreone | Dec 5, 2023 | Business, Featured

WASHINGTON — The Supreme Court heard oral arguments Monday in a case drawing widespread interest and close attention due to its involvement of the infamous Sackler family, who launched the painkiller OxyContin in 1996 and bear significant responsibility for fueling an...
SCOTUS split on future of opioid recovery funds as Purdue Pharma bankruptcy, Sackler legal immunity at stake

SCOTUS split on future of opioid recovery funds as Purdue Pharma bankruptcy, Sackler legal immunity at stake

by Shravya Pant | Dec 5, 2023 | Featured, Health & Science

WASHINGTON – Supreme Court justices appeared torn on whether Purdue Pharma’s bankruptcy settlement plan, which would protect the Sackler family ownership from civil liability in exchange for $6 billion in opioid relief funds, has legal standing during oral arguments...

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