Law360 (March 23, 2021, 7:17 PM EDT) — Members of the Sackler household informed a New York chapter court docket on Tuesday that they might pull again a proposed $4.275 billion money contribution to a settlement fund if the litigation injunction granted within the Chapter 11 case of OxyContin maker Purdue Pharma is not prolonged.
In a court docket submitting, the household of Raymond Sackler — descendants of one of many three Sackler brothers that based Purdue Pharma — stated that with out an extension of the injunction set to run out in April that has shielded the household from litigation for the reason that early days of the corporate’s chapter, they might kill any settlement and resume the authorized combat towards…
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