Plaintiffs and the company vowed to renegotiate but the talks will be challenging after the court struck down a provision the Sacklers had insisted on in exchange for $6 billion.
Category: Office of the United States Trustee
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Supreme Court to Hear Challenge to Controversial Purdue Pharma Deal
The justices will hear arguments on Monday about whether members of the wealthy Sackler family can be shielded from liability through a bankruptcy settlement.
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What to Know About the Purdue Pharma Case Before the Supreme Court
A federal appeals court had signed off on a deal that would shield members of the wealthy Sackler family from lawsuits in exchange for billions for those harmed by the opioid epidemic.
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What the Supreme Court’s Decision to Hear the Purdue Pharma Case Means
A federal appeals court had signed off on a deal that would shield members of the wealthy Sackler family from lawsuits in exchange for billions for those harmed by the opioid epidemic.
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An Appeals Court Gave the Sacklers Legal Immunity. Here’s What the Ruling Means.
In return for the shield, the billionaire owners of Purdue Pharma are committed to paying up to $6 billion to help compensate communities and individuals for the ravages of the opioid epidemic.
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Sullivan & Cromwell Law Firm Can Continue Advising FTX on Bankruptcy
The New York Times – Business:Sullivan & Cromwell was under attack for a potential conflict of interest tied to its work for the crypto exchange before the bankruptcy.