Purdue Pharma nears new bankruptcy deal with Sacklers, mediator says
Purdue Pharma is close to a new bankruptcy settlement with its owners, members of the wealthy Sackler family, and state and ...
Following 'Purdue Pharma,' Del. Bankruptcy Court Clarifies Standard Applicable to 'Opt-Out' Releases of Claims Against Nondebtors
The court was careful to confine its ruling to precisely the foregoing, and expressed no opinion on plan releases other than ...
Prof's Stinging Conclusion: Lawyers for Purdue Pharma Were 'Overzealous Accomplices in Corporate Misconduct'
Elise Bernlohr Maizel of Michigan State takes aim at the company's former general counsel and at its outside law firms in a ...
JD Supra12d
From Opioids to Opt-Outs: Nonconsensual Third-Party Releases and the Aftermath of Purdue
On June 27, 2024, the U.S. Supreme Court released its 5-4 opinion in connection with the bankruptcy case of Purdue Pharma L.P ...
The Washington Post27d
Sacklers lay out strategy for defending opioid-related lawsuits
The billionaire family that owns Purdue Pharma is signaling they intend to fight lawsuits against them by challenging the use of public nuisance laws, a legal strategy that has already led to ...
Wall Street Journal4d
Boy Scouts Seek to Preserve Bankruptcy Plan After Justices Curb Releases
The U.S. Court of Appeals for the Third Circuit on Wednesday heard arguments on whether a recent Supreme Court decision ...
Business Insider28d
New lawsuits against TikTok mirror those against Big Tobacco and Purdue Pharma
How are you going to win a dozen?" he added. In 2021, the Sackler family, owners of Purdue Pharma, reached a settlement deal in bankruptcy court to pay billions of dollars and stop making opioids.
devdiscourse10d
Health Sector Updates: Thriving Businesses and Ongoing Challenges
Recent health news highlights key industry shifts, including Bristol Myers' profit growth, Baxter's production recovery after floods, FDA's rejection of Lexicon Pharma's diabetes drug, and Teva's ...