High Court Told Purdue's Ch. 11 Liability Waiver Is Legal
By Alex Wittenberg ( October 23, 2023, 4:53 PM EDT) -- Purdue Pharma and parties to its Chapter 11 proceedings urged the U.S. Supreme Court to uphold a deal releasing the Sacklers from civil claims in exchange for their contributing at least $5.5 billion to the bankruptcy estates for victim compensation and opioid abatement, saying the liability releases are permitted by the U.S. Bankruptcy Code....
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