Bankruptcy Code Does Not Permit Release Of Sackler Family, High Court Rules

( June 27, 2024, 12:38 PM EDT) -- WASHINGTON, D. C. — The U. S. Supreme Court in a 5-4 decision on June 27 held that the Second Circuit U. S. Court of Appeals erred in approving a multibillion-dollar opioid bankruptcy settlement reached by Purdue Pharma L. P. that included a liability release for members of the formerly controlling Sackler family because the U. S. Bankruptcy Code does not authorize such a release. . . .

Attached Documents

Related Sections