Supreme Court Overturns Sackler Family’s Liability Protection in Purdue Pharma Bankruptcy Case
Washington, D.C. – In a landmark ruling, the U.S. Supreme Court has rejected a crucial element of Purdue Pharma LP’s Chapter 11 reorganization plan. The court’s decision specifically overturns a liability shield that would have protected the Sackler family, owners of Purdue, from future opioid-related lawsuits, dramatically reshaping the legal landscape for bankruptcy resolutions in mass tort cases. The justices ruled that granting such a shield exceeds the permissible bounds of bankruptcy law, fundamentally changing how companies can settle widespread liability through reorganization. Legal experts suggest that this decision sets a significant precedent for how … Read more