News & Insights
John Richer for Axoios - Supreme Court blocks OxyContin maker's bankruptcy plan
June 2024
Axios
The Supreme Court on Thursday rejected a controversial bankruptcy reorganization plan for OxyContin maker Purdue Pharma that would have shielded members of the Sackler family, who owned the company, from opioid litigation.
What they're saying: Thursday's ruling "while disappointing to the victims of the opioid crisis who were slated to receive billions in settlement funds, will add clarity in future Chapter 11 cases involving non-debtor releases," said John Richer from the law firm Hall Estill.
