U.S. Supreme Court building in Washington, D.C. Rejection of Purdue Pharma Bankruptcy Deal Could Tee Up SCOTUS Review of Liability Releases
"The decision may embolden other judges who have had concerns about non-debtor releases but are typically told, playground style, 'but everyone is doing it,'" said law professor Melissa Jacoby.
December 19, 2021 at 07:49 PM
6 minute read
News
The original version of this story was published on National Law Journal
A ruling tossing Connecticut-based OxyContin maker Purdue Pharma's bankruptcy settlement could tee up a new issue for the U.S. Supreme Court and spur other judges to more closely scrutinize controversial non-debtor releases, which shield third parties from liability in Chapter 11 proceedings.
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