and we re going to take it through bankruptcy courts as they do with masks litigation. and of course this is a major issue, so many people dying as a result of this opioid crisis, it s a threat. so now you have the settlement, significant settlement but here is e rub. while the company is on the hunt for six billion, the immunity, it is really protection from legal liability, would go to the individuals in the family. and to the extent that they are not bankrupt, why should they get the benefit of the bankruptcy protections? so there is the issue where if you are not bankrupt,, well why are we going through bankruptcy court to immunize you from any future liability? so the issue really centers around, from a legal perspective, whether you can do that and the outcome of that is going to be significant for them and other cases moving forward. the supreme court, rules it has a much bigger footprint as to how it affects other cases. weijia, you know, the family withdrew billions of dolla
The U.S. Supreme Court ruled on Thursday that because Indian tribes are indisputably governments, the Bankruptcy Code unmistakably abrogates their sovereign immunity to bankruptcy court proceedings.
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The United States District Court for the District of Delaware recently affirmed the Bankruptcy Court’s confirmation of the Plan of Reorganization proposed by the Boy Scouts of America,.