Supreme Court Stays Purdue Pharma Bankruptcy Pending Sackler Liability Arguments

(August 11, 2023, 12:32 PM EDT) -- WASHINGTON, D.C. — In a single order granted after just 12 days of filings, the U.S. Supreme Court on Aug. 10 recalled and stayed the Second Circuit U.S. Court of Appeals' mandate approving the multibillion-dollar Purdue Pharma LP opioid bankruptcy settlement, granted a bankruptcy trustee’s suggestion to treat his application as a petition for a writ of certiorari and ordered a briefing schedule to hear arguments in December on whether the U.S. Bankruptcy Code allows claims against nondebtor members of the formerly controlling Sackler family to be released....