OxyContin bottle on counter. Credit: PureRadiancePhoto/Shutterstock.com 2nd Circuit Approves Liability Release for Sackler Family in Purdue Pharma Bankruptcy Plan
"Five and a half billion dollars—purportedly the largest contribution in history for such releases—is a significant sum," U.S. Circuit Judge Eunice Lee wrote.
May 30, 2023 at 12:52 PM
5 minute read
Bankruptcy
The U.S. Court of Appeals for the Second Circuit approved a key provision of Purdue Pharma's multibillion-dollar bankruptcy settlement on Tuesday, finding that the plan's release of liability for members of the Sackler family, who founded Purdue, can stand.
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