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If you want money from the Purdue bankruptcy entity: you just file a claim while they still have money. If you want money from the Sackler family: you need to
by legitster 2y ago
If you want money from the Purdue bankruptcy entity: you just file a claim while they still have money.
If you want money from the Sackler family: you need to lawyer up, prove a bunch of personal liability claims (which are very, very hard cases to win), and wait a long time. And hope they still have money.
While it may feel nice to eventually, maybe, be able to throw the Sackler family in jail, it basically just blows up the ability to do mass tort arbitration.
From the dissent, which even includes Sotomayor and Kagan:
"As a result of the Court’s decision, each victim and creditor receives the essential equivalent of a lottery ticket for a possible future recovery for (at most) a few of them. And as the Bankruptcy Court explained, without the non-debtor releases, there is no good reason to believe that any of the victims or state or local governments will ever recover anything."
- JumpCrisscross 2y ago> If you want money from the Purdue bankruptcy entity: you just file a claim while they still have money And as the dissent notes, this class includes the Sacklers per their 2004 indemnification agreement. So we first need to nullify that to avoid draining.
- nickff 2y agoHow would you propose the agreement be nullified? Was it fraudulent, or performed without shareholder approval?