Supreme Court Kills Purdue Pharma Settlement That Would Have Shielded Sacklers From Liability (2024)

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Supreme Court Kills Purdue Pharma Settlement That Would Have Shielded Sacklers From Liability (2024)

FAQs

Supreme Court Kills Purdue Pharma Settlement That Would Have Shielded Sacklers From Liability? ›

Supreme Court rejects controversial Purdue Pharma bankruptcy deal In a 5-4 decision, the justices ruled that the multibillion opioid settlement inappropriately protected the Sackler family.

Why did the Supreme Court block the Purdue Pharma settlement? ›

WASHINGTON — The Supreme Court on Thursday blew up the massive bankruptcy reorganization of opioid maker Purdue Pharma, finding that the settlement inappropriately included legal protections for the Sackler family, meaning that billions of dollars secured for victims is now threatened.

How much will individuals get from a Purdue Pharma settlement? ›

But the Purdue Pharma settlement would be one of only two so far that include direct payments to victims from a $750 million pool. Payouts are expected to range from about $3,500 to $48,000.

Did any of the Sacklers go to jail? ›

No members of the sackler family have been arrested for the well over 100,000 provable opioid deaths calls by their opioids from Purdue pharmaceutical.

What was the Sackler Court decision? ›

The high court ruled, in a 5-4 decision last week, that third-party liability releases for the Sacklers under Purdue's bankruptcy exit plan and $6 billion litigation settlement, were impermissible because some creditors hadn't consented to them.

What were the terms of the Purdue Pharma settlement? ›

Under a deal approved by a bankruptcy judge in 2021, Purdue Pharma would be dissolved; the company would give billions of dollars to the opioid crisis, putting an end to thousands of related claims; and the Sacklers would be guaranteed protection from civil liability.

Did Purdue Pharma states agree to a new opioid settlement? ›

The Supreme Court on Thursday rejected a controversial settlement that would have sent billions of dollars to treatment programs and victims of the nation's opioid epidemic but also shielded the Sackler family from future lawsuits despite the fact that it made its fortune selling prescription opioids.

Can you still buy OxyContin? ›

OxyContin, a trade name for the narcotic oxycodone hydrochloride, is a painkiller available in the United States only by prescription.

Is oxycodone the same as OxyContin? ›

Oxycodone is an opiate agonist that is the active ingredient in a number of narcotic pain medications, including Percocet, Percodan, and OxyContin. OxyContin is a specific brand name for a pain medication in the opioid class (narcotic drugs) that contains the extended-release version of oxycodone.

Who is the highest paid employee at Purdue University? ›

Who's the highest-paid employee at Purdue University? Brohm was Indiana's highest-paid employee in 2022 at Purdue — and the entire state — earning nearly twice as much as Purdue's next highest-paid employee, men's basketball coach Matt Painter ($2.9 million).

Is the Sackler family still wealthy? ›

How much is the Sackler family still worth? Even after Purdue Pharma's bankruptcy, the family still has billions. In December 2020, taking into account the fines that the Sacklers have already paid out as settlements, Forbes estimates that the family (around 40 members) is worth about $10.8 billion.

Where is Richard Sackler today? ›

Since 2013, he has lived outside Austin, Texas.

Do the sacklers still have immunity? ›

The Supreme Court shut down a deal that would have granted immunity to the Sackler family from opioid lawsuits. The deal would have also provided about $6 billion to states and victims of the opioid crisis.

Was there a whistleblower at Purdue Pharma? ›

The screening was followed by a discussion between Delaney, director Lucy King, and two subjects who appeared in the film: Carol Panara, a former Purdue sales rep turned whistleblower, and Dr. Chris Johnson, an ER doctor and board member of Physicians for Responsible Opioid Prescribing.

Did Purdue Pharma pay victims? ›

But the Purdue Pharma settlement would have been only the second so far to include direct payments to victims from a $750 million pool. Payouts would have ranged from about $3,500 to $48,000.

Is Raymond Sackler still alive? ›

Was there a protest against Purdue Pharma? ›

FILE - Fake pill bottles with messages about Purdue Pharma are displayed during a protest outside the courthouse where the company's bankruptcy proceedings were taking place, in White Plains, New York, Aug. 9, 2021.

What was the total settlement for Purdue? ›

The total settlement would have amounted to roughly $8 billion directed towards states, local governments, personal injury victims, schools, and hospitals. In a statement, Purdue Pharma called the ruling “heart-crushing.”

How many people overdose on opioids? ›

Drug overdose deaths involving prescription opioids rose from 3,442 in 1999 to 17,029 in 2017. From 2017 to 2019, the number of deaths declined to 14,139. This was followed by a slight increase in 2020, with 16,416 reported deaths. In 2022, the number of deaths declined to 14,716.

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