Analysis

Titanic Purdue Ruling Shifts The Balance Of Power In Ch. 11

By Vince Sullivan ( June 27, 2024, 6:58 PM EDT) -- The U.S. Supreme Court's decision to strike down the Sackler family's liability shield in the Chapter 11 plan of Purdue Pharma LP not only eliminates a key tool to resolve mass tort liabilities through bankruptcy, it gives claimants more leverage and fundamentally changes the insolvency landscape in future cases, experts tell Law360....

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