U.S. Supreme Court
Dec. 5, 2023
Justices ask practical questions on OxyContin deal
Pratik A. Shah, a partner with Akin Gump Strauss Hauer & Feld LLP who represents unsecured creditors, said a successful government objection would leave his clients with nothing because members of the Sackler family cannot file for bankruptcy.
U.S. Supreme Court justices on Monday weighed practical considerations against Justice Department arguments that a bankruptcy deal protects from civil liability members of the Sackler family, who profited from the sale of OxyContin.
Deputy Solicitor General Curtis E. Gannon, representing U.S. Trustee William K. Harrington, argued that a provision of the Bankruptcy Code that the 2nd U.S. Circuit Court of Appeals relied upon “conflicts with t...
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