Crime & Justice
Supreme Court Overturned Bankruptcy Protection for Billionaire Sackler Family
Danger Close
Danger Close | The Fourth Option Podcast: Gerald Posner
What was said
"The Supreme Court overturned it. They said you can't protect the Sacklers under that bankruptcy agreement, and therefore technically all of those suits are reactivated or will be against the Sacklers individually. It's going to be litigation for years."
In a surprising reversal, the Supreme Court recently overturned a bankruptcy court ruling that would have shielded the Sackler family from thousands of lawsuits in exchange for contributing $5 billion to settlements. The Sacklers themselves never declared bankruptcy despite facing litigation. The Court's decision reactivates all individual lawsuits against family members, extending legal battles for years to come.
Verification status
Attributed speaker claim
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
Source and context
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- Programme
- Danger Close
- Episode
- Danger Close | The Fourth Option Podcast: Gerald Posner
- Clip time
- 1:25:05
- Original source
- Watch the source segment →
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