High Court Announces Oral Arguments In Bankruptcy Release Of Sackler Family Case

(October 12, 2023, 2:56 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court will hear oral arguments Dec. 4 on whether the U.S. Bankruptcy Code allows for a plan of reorganization that releases nondebtor third parties from liability, a dispute stemming from the multibillion-dollar Purdue Pharma LP opioid bankruptcy settlement that included a liability release for members of the formerly controlling Sackler family, the court announced Oct. 12....