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

Published by

(This December 18 story removes extraneous word from the first paragraph) By Tom Hals (Reuters) – 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 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….

Read More

Leave a Reply