LIVE NOW: Supreme Court Takes on Purdue Pharma Bankruptcy Settlement
The U.S. Supreme Court on Monday is taking on a challenge to the legality of OxyContin maker Purdue Pharma’s controversial bankruptcy settlement. The agreement ‘would give billions of dollars to victims of the opioid epidemic while protecting members of the Sackler family, who owned the company, from current and future opioid-related civil lawsuits,’ according to CNN.
Under the deal, Purdue Pharma would no longer exist and a new company, Knoa Pharma, would be created in its place. Here’s a live look outside of the Supreme Court before the start of oral arguments.
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