The U.S. Supreme Court heard oral arguments this month in the Purdue Pharma bankruptcy about third-party releases in a case that could also impact the Boy Scouts of America's Chapter 11 plan next year.
December 18, 2023 at 07:00 AM
5 minute read
staff reporter
The original version of this story was published on Law.com
Mass tort bankruptcies took some big hits in 2023, with two of them dismissed outright, and two more potentially hanging in the balance.
The U.S. Supreme Court heard oral arguments on Dec. 4 in a closely watched case involving the release of liability granted to the Sacklers, founders of Purdue Pharma, as part of the opioid manufacturer’s $6 billion bankruptcy plan.
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