Judge Mcmahon: Bankruptcy court lacked authority to release Sackler family as part of Purdue settlement

In an opinion yesterday, Judge McMahon vacated the Purdue Pharma bankruptcy settlement because she found that the bankruptcy court lacked authority to issue releases in favor of the Sackler family.

Filed under:
USA, New York, Insolvency & Restructuring, Litigation, Steptoe LLP
Authors:
Charles A. Michael
Location:
USA
Firm:
Steptoe LLP