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January 17, 2022

U.S. Voters

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OxyContin Maker Reaping What They Sowed

1 min read

A judge overturns Purdue Pharma’s $4.5 billion settlement. This could mean bad news for former executives and the Sackler family. John Iadarola and Brett Erlich break it down on The Damage Report.

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Read more here: https://www.npr.org/2021/12/16/1065047471/judge-rejects-purdue-pharmas-opioid-settlement-that-would-protect-the-sackler-fa

"A judge has rejected OxyContin maker Purdue Pharma’s bankruptcy settlement of thousands of lawsuits over the opioid epidemic because of a provision that would protect members of the Sackler family from facing litigation of their own.

In a ruling Thursday, U.S. District Judge Colleen McMahon in New York found that federal bankruptcy law does not give the bankruptcy judge who had accepted the plan the authority to grant that kind of release for people who are not declaring bankruptcy themselves."

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