Oral arguments begin on Tuesday in a high-stakes case that could redefine what is taxable income.
Category: Supreme Court (US)
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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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Fate of Billions for Opioid Victims From Sacklers Rests With Supreme Court
The court will decide whether Purdue’s owners can gain permanent immunity from future opioid lawsuits in exchange for payments up to $6 billion.
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Justice Thomas’s R.V. Loan Was Forgiven, Senate Inquiry Finds
The justice failed to repay much, perhaps all, of the $267,230 loan. His benefactor wiped the slate clean, with ethical and potential tax consequences.
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Supreme Court Skeptical in That Could Hobble Consumer Watchdog
The justices heard a challenge to the way Congress funded the Consumer Financial Protection Bureau but seemed persuaded that it was constitutional.
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Wall Street’s Most Hated Regulator Faces an Existential Threat
Rohit Chopra, who leads the Consumer Financial Protection Bureau, says he is simply enforcing the law. Bankers call him reckless — a “regulator gone rogue.”
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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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Supreme Court Pauses Purdue Pharma Bankruptcy Deal
A federal appeals court had signed off on an agreement, now on hold, that would shield members of the wealthy Sackler family from opioid-related lawsuits in exchange for $6 billion for victims.
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Justice Clarence Thomas’s $267,230 RV and the Friend Who Financed It
The vehicle is a key part of the justice’s just-folks persona. It’s also a luxury motor coach that was funded by someone else’s money.
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More Income for the Supreme Court: Million-Dollar Book Deals
The deals have become highly lucrative for the justices, including for those who used court staff members to help research and promote their books.