The Sackler family members who own OxyContin maker Purdue Pharma say they're disappointed in the Supreme Court's rejection of a nationwide settlement that would've shielded them from civil lawsuits over the toll of opioids but also would've provided billions of dollars to combat the epidemic.
  • mozz@mbin.grits.dev
    17·
    5 months ago

    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. The Sacklers would have contributed up to $6 billion and given up ownership of the company but retained billions more. The agreement provided that the company would emerge from bankruptcy as a different entity, with its profits used for treatment and prevention.

    Justice Neil Gorsuch, writing for the majority, said “nothing in present law authorizes the Sackler discharge.”

    Justices Brett Kavanaugh, Ketanji Brown Jackson, Elena Kagan and Sonia Sotomayor dissented.

    Can you please just tell me if it is a good thing or a bad thing please, the more I read the more I am simply confused.

    The U.S. Bankruptcy Trustee, an arm of the Justice Department, argued that the bankruptcy law does not permit protecting the Sackler family from being sued. During the Trump administration, the government supported the settlement.

    The Biden administration had argued to the court that negotiations could resume, and perhaps lead to a better deal, if the court were to stop the current agreement.

    Okay got it

    • disguy_ovahea@lemmy.world
      11·
      5 months ago

      It’s both. Sort of an election dependent Schrödinger’s cat. The settlement amount was far too low in relation to the damage caused and the profits earned, so the immunity from future settlements was absurd. However, if Trump wins in the fall, there’s no way his new Project 2025 Schedule F hires will bring appropriate charges against a business doing business.

      • mozz@mbin.grits.dev
        71·
        5 months ago

        You’re not wrong. At the same time, if Trump wins, the idea that the Sacklers might get away with effectively homicide on a multi billion dollar heroin dealing scale, won’t be even in the top 100 problems. “How can we punish the guilty” will have to take a back seat to “how can I prevent the guilty from directly threatening my safety or maybe putting me in prison” for a little while.