Credit: JHVEPhoto/Shutterstock.com 'Sky Is the Limit': What 2nd Circuit's Broad View of Bankruptcy Code Means Beyond Purdue Pharma
The decision "opens the door to other boundary-pushing components of restructuring plan(s)," law professor says.
June 01, 2023 at 04:03 PM
6 minute read
The U.S. Court of Appeals for the Second Circuit approved a provision in the Purdue Pharma bankruptcy settlement this week that shields the Sackler family from liability for opioid deaths, and experts say the court's analysis will be cited as support for other potentially controversial tools or strategies used by businesses filing Chapter 11.
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