Sackler ruling could delay Purdue's payment of billions by years

Posted on AllSides December 18th, 2021
From The Center
REUTERS/George Frey

OxyContin-maker Purdue Pharma could be years away from paying billions of dollars to address the U.S. opioid crisis after a judge blew up a deal that gave provided legal immunity to the Sackler family that owned the company, people close to the negotiations said.

In a surprise ruling on Thursday, U.S. District Judge Colleen McMahon in Manhattan found that a bankruptcy judge overstepped his authority by approving the plan that gave the Sacklers immunity in return for $4.5 billion for those harmed by Purdue.

The deal had been hammered out...

Read full story
https://www.reuters.com/markets/us/sackler-ruling-could-delay-purdues-payment-billions-by-years-2021-12-18/

More News about Public Health from the Left, Center and Right

From the Left

From the Center

From the Right