Terence Abbott 7 months ago 2 min read – US Supreme Court strikes down settlement with Sacklers on opioid crisis The billionaire family should be protected from further lawsuits. The Supreme Court banned this. Published today at 5:12 pm Demonstrators and family members of deceased opioid addicts demonstrate in front of the Supreme Court (archive image) Photo: EPA Subscribe now and benefit from the read-aloud functionality. Bot Talk In a legal dispute over the addictive pain reliever OxyContin in the United States, the Supreme Court on Thursday struck down a nationwide settlement with drug giant Purdue. The settlement would protect members of the Sackler family from civil lawsuits, but also provide billions of dollars to fight the opioid crisis. After more than six months of deliberations, the justices voted 5-4 to block the deal negotiated with authorities and victims. The Sacklers would have paid up to $6 billion and given up their company, but could keep billions more. Additionally, the company must continue to operate after bankruptcy and make its profits available for treatment and prevention. The Supreme Court had already stayed the deal last summer over the government’s objection. It is unclear what will happen next. The Biden administration resisted the comparison The justices faced the question of whether the legal protections offered by bankruptcy could be extended to people like the Sacklers who did not file for bankruptcy. Lower courts have reached conflicting decisions on this issue, which has implications for other product liability cases. The responsible department of the U.S. Department of Justice argued that bankruptcy law did not allow the Sackler family to be protected from lawsuits. See also All of a sudden, your hotel contacts you when booking, but it's a new scamFormer US President Donald Trump’s administration supported the solution. However, President Joe Biden’s administration has argued before the Supreme Court that if the court overturns the current deal, negotiations can resume and lead to a better outcome. The pain reliever OxyContin hit the market in 1996. Purdue Pharma’s aggressive marketing is often cited as fueling the nation’s opioid crisis by getting doctors to prescribe painkillers regardless of the drug’s risks. Thousands of people died from drug overdoses. newsletter morning The perfect start to the day with news and stories from Switzerland and the world. More newsletters to login AFP/nlu Did you find the error? 17 comments Terence Abbott“Wannabe pop culture fanatic. Zombie advocate. Entrepreneur. Internet evangelist. Alcohol fanatic. Typical travel buff.” Continue Reading Previous Denmark plans to tax milk and meat production – NewsNext Assange hugs his wife for the first time in freedom Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. More Stories Top News 3 min read Choosing the Right Quality Management Software for Your Industry 4 weeks ago Tommy Vercetti Top News 2 min read The Taliban want to silence women – now they’re singing in protest 5 months ago Terence Abbott Top News 3 min read Fraud: false letters from Raiffeisenbank 5 months ago Terence Abbott
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