Justices Nix 3rd Party Liability Releases In Purdue Ch. 11 Plan - Law360: 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 members who own the company to personal liability for the company's role in the opioid crisis.
Supreme Court Blocks Purdue Pharma Opioid Settlement That Shields Sackler Family - WSJ: Justices ruled that the Purdue Pharma owners can’t use the drugmaker’s bankruptcy to settle opioid lawsuits without plaintiff consent
The Supreme Court rejects a nationwide opioid settlement with OxyContin maker Purdue Pharma | AP News: After deliberating more than six months, the justices in a 5-4 vote blocked an agreement hammered out with state and local governments and victims.
US Supreme Court Rejects Purdue Pharma’s Opioid Pact With Sackler Shield - Bloomberg: The US Supreme Court tossed Purdue Pharma LP’s $6 billion opioid settlement, nixing a deal that would have funded opioid epidemic relief efforts in exchange for protecting the company’s billionaire owners from lawsuits alleging they helped fuel the addiction crisis.
Barretts Minerals’ Creditors Move to Dismiss Its Bankruptcy: Barretts Minerals Inc.'s junior creditors moved to dismiss the bankrupt talc supplier’s Chapter 11 case because they said the company won’t be able to accomplish anything more in bankruptcy.
Boston-Area Christian College to Close Amid Financial Struggles: Eastern Nazarene College, a small Christian college about 10 miles south of Boston, is the latest to buckle under the pressures facing higher education in the US.
Prison Phone Rates Set for Drastic Cut Under FCC Rules, Hurting ViaPath, Aventiv - Bloomberg: The Federal Communications Commission has proposed new rules to reduce phone and video call rates for incarcerated people, a move that could dramatically reshape the business of prison telecom providers such as ViaPath Technologies and Aventiv Technologies.
