Re:Supreme Court blocks Purdue Pharma opioid settlement
by legitster on Thursday June 27, 2024 @12:16PM
(#40812149)
> What is certain is the Sacklers will be hurt more.
Maybe? They get all of the billions back and now have time and a reason to start building a defense.
Re:Supreme Court blocks Purdue Pharma opioid settlement
by JumpCrisscross on Thursday June 27, 2024 @12:19PM
(#40812191)
> get all of the billions back
They never gave up any cash to my knowledge. The plan was a promise.
We can conclude the Sacklers are worse off right now given they (and the creditors) accepted the deal. They may be materially better off in the future. But the rest of their lives will be about this.
Re:Supreme Court blocks Purdue Pharma opioid settlement
by legitster on Thursday June 27, 2024 @12:31PM
(#40812318)
???
The Supreme court case was specifically about the $6 billion dollars the Sacklers committed to the bankruptcy fund. And this ruling says they are not allowed to contribute to it.
Re:Supreme Court blocks Purdue Pharma opioid settlement
by JumpCrisscross on Thursday June 27, 2024 @12:44PM
(#40812438)
> Supreme court case was specifically about the $6 billion dollars the Sacklers committed to the bankruptcy fund
Committed, not contributed.
As the dissent notes, this decision means the victims won’t get money now. When is an open question, as well as whether it will be similar, more or less after litigation costs.
What is certain is the Sacklers will be hurt more. (Unless a couple bizarre legal maneuvres pay off, e.g. the Sacklers extinguishing liability by way of a 2004 indemnification agreement.) So in a sense, this is deterrence and retribution winning over restitution [1].
[1] https://open.lib.umn.edu/criminallaw/chapter/1-5-the-purpose...