Purdue's opioid deal is on the verge of collapse after Supreme Court ruling
The hard-fought resolution of thousands of lawsuits against Purdue Pharma came close to collapsing Thursday after the Supreme Court rejected liability protections for the company's owners, members of the billionaire Sackler family. The ruling effectively prevents the release of billions of dollars that could help alleviate the harm of opioid addiction.The future of the cases, some of which date back a decade, is now in limbo as states, local governments, tribes and more than 100,000 individuals who have sued the company, best known for its painkiller OxyContin, try to figure out their next moves.The court struck down a condition the Sacklers had long insisted on: immunity from all current and future opioid lawsuits in exchange for payments of up to $6 billion to the plaintiffs.In a st...