Re:The Sackler Family Wins Immunity from Future Opioid Lawsuits
by user-the-name on Wednesday September 01, 2021 @07:19PM
(#28386784)
The lines you quote do not seem to actually say anything to support your claims or contradict those of the person you responded to?
Re:The Sackler Family Wins Immunity from Future Opioid Lawsuits
by gruez on Wednesday September 01, 2021 @07:22PM
(#28386813)
It supports the claim that it was a settlement, rather than the judge letting them off the hook unilaterally. As part of any settlement, each side agrees not to engage in further litigation on the same matter, otherwise there's no point in settling. I also omitted the next sentence which states what they gave in exchange for the settlement.
>In return, they have agreed to pay roughly $4.3 billion, while also forfeiting ownership of Purdue Pharma.
Re:The Sackler Family Wins Immunity from Future Opioid Lawsuits
by mtalantikite on Wednesday September 01, 2021 @07:34PM
(#28386888)
Didn't they move a lot of their assets abroad? [1] I mean sure, $4.3 billion is a lot of money, but personally I feel like they should all be left with zero and a few of them should be in prison for a long time.
[1] https://www.bloomberg.com/graphics/2020-sackler-family-money...
Re:The Sackler Family Wins Immunity from Future Opioid Lawsuits
by smallerfish on Wednesday September 01, 2021 @07:40PM
(#28386932)
If it's the same agreement John Oliver talked about last week, they have 10 years to pay the $4.3 billion, so they'll almost earn it all back in that period in interest.
Re:The Sackler Family Wins Immunity from Future Opioid Lawsuits
by alistairSH on Wednesday September 01, 2021 @08:35PM
(#28387325)
* As part of any settlement, each side agrees not to engage in further litigation on the same matter*
Individuals injured by the Sacklers are not party to the current case, but are now unable to sue. Or am I misreading?
Re:The Sackler Family Wins Immunity from Future Opioid Lawsuits
by dillondoyle on Wednesday September 01, 2021 @09:35PM
(#28387723)
That's my read but IANAL. That's why some states are objecting
But that's not what's happening? At least from my reading of the article, they settled with the state, that's it. The judge wasn't like "you're off the hook because the lawsuits were too complicated".
>The complex bankruptcy plan, confirmed by Drain at a hearing in White Plains, N.Y., was negotiated in a series of intense closed-door mediation sessions over the past two years.
>The deal grants "releases" from liability for harm caused by OxyContin and other opioids to the Sacklers, hundreds of their associates, as well as their remaining empire of companies and trusts.