A three-judge panel of the 2nd U.S. Circuit Court of Appeals in New York on Tuesday, May 30 overturned a lower court’s 2021 ruling that found bankruptcy courts did not have the authority to protect members of the Sackler family who own the company and who have not filed for bankruptcy protection from lawsuits.
A federal appeals court cleared the way for the maker of OxyContin to settle thousands of legal claims tied to the opioid epidemic while shielding the wealthy o
The Sackler family, the wealthy owners of Purdue Pharma, will be shielded from future lawsuits related to the opioid epidemic under a plan approved by a U.S. federal appeals court.