The Daily

Sackler Immunity and the Purdue Pharma Settlement

SCOTUS court watchers were a little shocked that the Court blocked the Purdue Pharma / Sackler settlement – even if temporarily – and there is a lot of buzz about how they will answer this question: whether the Bankruptcy Code authorizes a court to approve, as part of a plan of reorganization under Chapter 11 of the Bankruptcy Code, a release that extinguishes third party claims (including claims not yet brought).

Recently, the U.S. Supreme Court stayed the implementation of the Purdue Pharma LP Chapter 11 plan that contains as a key feature the settlement with the Sackler family for approximately $6 billion that, in return, prevents any other creditor from suing the family.

Read more at: https://www.law360.com/personal-injury-medical-malpractice/articles/1716196?nl_pk=029cff45-637f-44e3-babf-75563f8e0bfd&utm_source=newsletter&utm_medium=email&utm_campaign=personal-injury-medical-malpractice&utm_content=2023-09-01&read_main=1&nlsidx=0&nlaidx=13?copied=1