The U.S. Supreme Court on Monday turned away a novel case by Arizona seeking to ...
WASHINGTON - The U.S. Supreme Court on Monday turned away a novel case by Arizona seeking to recover billions of dollars that the state has said that members of the Sackler family - owners of Purdue Pharma LP - funneled out of the OxyContin maker before the company filed for bankruptcy in September.
The lawsuit accused eight Sackler family members of funneling $4 billion out of Purdue from 2008 to 2016 despite being aware that the company faced massive potential liabilities over its marketing of opioid medications. Purdue filed for Chapter 11 bankruptcy protection in September after reaching a tentative deal it values at $10 billion to resolve those cases.
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