Purdue

Purdue Pharma’s Battle with Bankruptcy: The Supreme Court Case That Explores the Limits of Financial Power

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The Supreme Court is set to hear a case that will test the power of bankruptcy in regards to Purdue Pharma, the company behind the opioid epidemic. The case, which is based in White Plains, New York, will determine whether the billions of dollars owed to families affected by the opioid crisis can be included in the company’s bankruptcy settlement. Purdue Pharma filed for bankruptcy in 2019 as a way to resolve thousands of lawsuits and claims related to its role in fueling the opioid epidemic. The company has proposed a $10 billion plan to … Read more

High-Stakes Battle: Supreme Court Weighs Release of Liability for Purdue Pharma Founders in Ongoing Mass Tort Bankruptcy Cases

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Washington, D.C. – Mass tort bankruptcies faced significant difficulties in 2023, with the dismissal of two cases and the fate of two others hanging in the balance. A closely watched legal battle involving the Sacklers, founders of Purdue Pharma, reached the U.S. Supreme Court on December 4th. This case centered around the release of liability granted to the Sacklers as part of the pharmaceutical company’s $6 billion bankruptcy plan, which has raised concerns. The Supreme Court’s oral arguments held on December 4th showcased the growing scrutiny surrounding the Sacklers and their role in the opioid … Read more