Justices Nix 3rd-Party Liability Releases In Purdue Ch. 11 Plan

By Vince Sullivan · June 27, 2024, 10:12 AM EDT

The U.S. Supreme Court shot down the validity of nonconsensual third-party releases in an opinion issued Thursday in the case of bankrupt drugmaker Purdue Pharma LP, potentially exposing the Sackler family...

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Case Information

Case Title

William K. Harrington, United States Trustee, Region 2, Petitioner v. Purdue Pharma L.P., et al.

Case Number

23-124

Court

Supreme Court

Nature of Suit

3422 STATUTES-Bkrup Appeals 801

Date Filed

August 10, 2023