Opioid Victims Wait as Second Circuit Mulls Purdue Pharma Deal

Opioid victims, their family members, and some bankruptcy experts have grown anxious as the wait for a powerful appeals court to rule on Purdue Pharma LP‘s bankruptcy settlement reaches the one-year mark.

There’s a lot riding on the highly anticipated decision out of the US Court of Appeals for the Second Circuit, especially for those in line to receive settlement funds, which won’t be distributed until after the court rules and the agreement clears bankruptcy court. That includes victims’ families who have spent their life savings on treatments for loved ones and government programs aimed at abating a crisis ...