{"id":2114987,"date":"2023-12-04T07:17:01","date_gmt":"2023-12-04T12:17:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/legality-of-sackler-familys-6-billion-opioid-settlement-plan-faces-supreme-court\/"},"modified":"2023-12-04T07:25:20","modified_gmt":"2023-12-04T12:25:20","slug":"legality-of-sackler-familys-6-billion-opioid-settlement-plan-faces-supreme-court","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/legality-of-sackler-familys-6-billion-opioid-settlement-plan-faces-supreme-court\/","title":{"rendered":"Supreme Court to decide legality of Sackler family&#8217;s $6B opioid settlement"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Flegality-of-sackler-familys-6-billion-opioid-settlement-plan-faces-supreme-court%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2114987&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The Supreme Court to Decide on $6 Billion Bankruptcy Settlement Involving Purdue Pharma<\/h2>\n<p>The Supreme Court is set to \u2063hear arguments on Monday morning regarding the legality of a nearly $6 billion bankruptcy\u2063 settlement involving Purdue Pharma, the manufacturer of the highly controversial medication OxyContin, which has been\u2062 linked to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cvs-walmart-reach-147-5-million-opioid-settlement-with-west-virginia\/\" title=\"CVS, Walmart Reach 7.5 Million Opioid Settlement With West Virginia\">deadly opioid epidemic<\/a>.<\/p>\n<p>The settlement, offered by the Sackler family members \u2062who own Purdue Pharma, aims to resolve thousands of lawsuits accusing them of fueling the opioid crisis. If approved, the deal would transform Purdue\u200c into a\u200b nonprofit organization\u200d and allocate its\u200b billions of dollars towards addiction and other treatment efforts, while also releasing the Sackler family from future civil liability.<\/p>\n<p>A bankruptcy judge initially approved the settlement in \u200c2011, but the U.S. Trustee Program, a \u200cwatchdog\u2063 within the Justice Department, objected to the \u200dterms and moved to block the \u200bdeal in September \u2062of that year.<\/p>\n<blockquote>\n<p>&#8220;On the most direct level, it will determine whether Chapter 11 is a viable process for settling mass torts,&#8221;<\/p>\n<\/blockquote>\n<p>Although the settlement plan \u2062received approval from over 95% of the voting claimants, approximately 60,000 individuals who \u200b<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-supreme-court-halts-purdue-pharma-bankruptcy-settlement-pending-review\/\" title=\"US Supreme Court pauses Purdue Pharma bankruptcy settlement for review.\">filed personal injury claims<\/a>, \u2064U.S. Trustee for the DOJ William Harrington appealed,\u2063 arguing that unanimous consent\u2063 from the released \u200dparties is required for such &#8220;nondebtor releases.&#8221;<\/p>\n<p>Harrington has also contended that the agreement allows the Sackler family to evade accountability\u2063 for their alleged role in perpetuating one \u200bof \u200bthe most severe <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-to-show-lockdowns-are-killing-more-people-than-the-virus\/\" title=\"How To Show Lockdowns Are Killing More People Than The Virus\">public health<\/a> crises in U.S. history.<\/p>\n<p>In August, the Supreme Court halted Purdue&#8217;s bankruptcy proceedings, siding with the\u200b Biden administration and supporting Harrington&#8217;s findings that the deal provides unprecedented protection from\u2063 future\u200c civil suits.<\/p>\n<p>The possibility of absolving the Sackler\u2063 family from civil \u2064liability has sparked outrage among victims of opioid abuse and advocacy groups. The Centers for\u2062 Disease Control and Prevention reports \u2062that over 280,000 people have died\u2063 in\u200c the \u200dU.S. from prescription \u200bopioid overdoses between 1999 \u2064and 2021.<\/p>\n<p>Outside the Supreme \u2063Court, organizers and advocates\u200c against opioid abuse will gather to call for the \u200drejection of \u2062the\u2063 settlement, arguing that it fails\u200c to comply with the current U.S. Bankruptcy Code.<\/p>\n<p>&#8220;The settlement exemplifies the privileges retained by the wealthy to manipulate \u2064the legal system in their favor,&#8221; said Maya Fitzpatrick, a spokesperson \u2063for a coalition of opioid abuse awareness groups.<\/p>\n<p>Most lawsuits against Purdue and its owners accuse them of fueling the opioid epidemic \u2064through deceptive marketing of OxyContin. The\u2063 company has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/colorado-man-sentenced-to-prison-for-synagogue-bomb-plot\/\" title=\"Colorado Man Sentenced To Prison For Synagogue Bomb Plot\">previously pleaded guilty<\/a> to misbranding and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rep-antonio-delgado-named-ny-lieutenant-gov-replaces-democrat-who-was-indicted\/\" title=\"Rep. Antonio Delgado Named NY Lieutenant Gov, Replaces Democrat Who Was Indicted\">fraud charges related<\/a> to its marketing practices.<\/p>\n<p>While the \u2064fate of thousands of opioid abuse victims and their settlements hangs in the balance, the implications of this\u2063 case extend beyond this\u200c specific issue. It could impact ongoing disputes, such as the Boy \u2064Scouts of America settlement, and potentially future lawsuits involving cryptocurrency.<\/p>\n<blockquote>\n<p>&#8220;If the Court declares \u200ba blanket prohibition on nonconsensual nondebtor releases, it could overturn settlements in pending cases like the one involving the Boy Scouts of America and prevent global\u2064 settlement in future cases,&#8221;<\/p>\n<\/blockquote>\n<p>Oral arguments are scheduled for 10 a.m.,\u2062 and a decision is expected\u2064 before the end of June.<\/p>\n<p> <\/p>\n<h2>Why did the Supreme Court block the Purdue \u2063Pharma settlement?<\/h2>\n<p><span>Amna, this controversial bankruptcy plan was stalled because the\u2063 U.S. Justice Department argued that shielding \u200cthe\u2062 Sacklers from all future lawsuits was an abuse of the bankruptcy system.\u2062 The Sacklers themselves did not declare bankruptcy. R their role in the opioid epidemic, as it absolves them from future civil liability. He argues that the bankruptcy process\u2062 should not shield wealthy individuals from the consequences of their actions, especially \u200dwhen those \u2062actions have had devastating impacts on public health.<\/p>\n<p>On the other hand, \u2063proponents of the settlement argue that it provides a\u200d way to\u200d allocate \u200bfunds and resources towards addressing the opioid \u2062crisis. By transforming \u200dPurdue\u200c into a \u200bnonprofit organization and directing its billions of dollars towards addiction treatment efforts, they believe it will help those affected by \u2064the epidemic and \u200dprevent further \u200bharm.<\/p>\n<p>The Supreme \u2063Court&#8217;s decision on \u2063this \u200dmatter\u2064 holds \u200dsignificant implications. \u2064It will not only determine the fate of Purdue Pharma and its bankruptcy\u200b settlement but also\u200c shape the future of bankruptcy law in relation to mass torts. If the court\u200d upholds the settlement, it would establish a precedent\u2062 for\u200b using the bankruptcy process to resolve similar \u2063cases in the future.\u200c However, if \u200bthe court sides with the U.S. Trustee Program and rejects the settlement, it would raise questions \u2063about\u200c the viability and fairness of using bankruptcy as a\u200b mechanism for resolving mass torts.<\/p>\n<p>Furthermore, the Supreme Court&#8217;s \u2064ruling will also have broader\u200d implications for the accountability\u200c of wealthy individuals and corporations. If the settlement\u2064 is approved, it would send a message that those responsible for major public health crises \u2063can escape civil liability by filing for bankruptcy.\u200d On the other hand, if the court\u2064 rejects the settlement, \u2063it would signal that even in bankruptcy, individuals \u200dand corporations must be\u200c held accountable for their actions and contribute to addressing the harm they have caused.<\/p>\n<p>The opioid epidemic \u2064has\u2063 had a \u200ddevastating impact on communities across the \u200bUnited States,\u2064 resulting in countless deaths and inflicting immeasurable pain and \u2064suffering on individuals and their \u2064loved ones. The Supreme Court&#8217;s decision \u200din this case will determine \u2062not only the fate of the\u200b Purdue Pharma bankruptcy settlement but also play a crucial role in shaping the future of accountability and\u2064 justice for those affected by the\u200c opioid crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court will review the legality of a $6 billion bankruptcy settlement involving Purdue Pharma, the maker of OxyContin linked to the opioid crisis. The Sackler family, Purdue Pharma&#8217;s owners, proposed the settlement to resolve numerous lawsuits accusing them of contributing to the epidemic. Arguments will be heard on Monday<\/p>\n","protected":false},"author":1,"featured_media":2114988,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2114987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2114987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2114987"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2114987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2114988"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2114987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2114987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2114987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}