Supreme Court Overturns $6 Billion Purdue Pharma Settlement, Sacklers Face Renewed Legal Battles

June 27, 2024
Supreme Court Overturns $6 Billion Purdue Pharma Settlement, Sacklers Face Renewed Legal Battles
  • The US Supreme Court invalidated a $6 billion settlement agreement for Purdue Pharma and the Sackler family.

  • The ruling, made in a 5-4 decision, prevents the Sacklers from being shielded from future opioid-related lawsuits.

  • The decision was a victory for those opposing the deal, including families affected by the opioid crisis.

  • The court found that the Sacklers sought too much protection without giving up enough assets.

  • OxyContin, made by Purdue Pharma, is linked to the opioid crisis, which has caused a surge in overdose deaths.

  • Attorney General Josh Stein plans to renegotiate payment terms as the Sacklers withdrew billions from Purdue.

  • The ruling means settlement talks must restart, while Purdue Pharma's bankruptcy proceedings continue.

  • Despite the decision, Purdue Pharma plans to restart negotiations.

  • Some families affected by the crisis hope to see criminal charges filed against the Sacklers.

  • The decision is seen as a victory for justice and a step towards aiding communities affected by the opioid crisis.

Summary based on 25 sources


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