HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Democrats unveil bill to ...

Fri Mar 19, 2021, 11:50 AM

Democrats unveil bill to prevent Sackler family from evading lawsuits through bankruptcy

Source: The Hill

Democratic Reps. Carolyn Maloney (N.Y.) and Mark DeSaulnier (Calif.) unveiled legislation on Friday aimed at preventing the Sackler family from evading lawsuits over the opioid crisis through bankruptcy proceedings.

The “Stop Shielding Assets from Corporate Known Liability by Eliminating Non-Debtor Releases Act,” or SACKLER Act, would close a loophole to prevent those who have not filed for bankruptcy from being released from lawsuits brought by the federal government, as well as states and local governments in bankruptcy.

Purdue Pharma, which the Sackler family owns, filed for bankruptcy in 2019 as part of an agreement to settle litigation over its role in the opioid epidemic.

The Washington Post reported at the time that the drugmaker asked the bankruptcy court to temporarily halt lawsuits against the family itself even though they hadn't filed for bankruptcy, a request that was later granted.




Read more: https://thehill.com/homenews/house/544021-democrats-unveil-legislation-aimed-at-sackler-family-evading-lawsuits-through

9 replies, 3006 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 9 replies Author Time Post
Reply Democrats unveil bill to prevent Sackler family from evading lawsuits through bankruptcy (Original post)
brooklynite Mar 19 OP
dutch777 Mar 19 #1
kimbutgar Mar 19 #2
Dustlawyer Mar 19 #3
Fullduplexxx Mar 19 #4
Jonah Ide Mar 19 #5
Midnight Writer Mar 19 #6
FoxNewsSucks Mar 19 #7
FakeNoose Mar 19 #8
ck4829 Mar 22 #9

Response to brooklynite (Original post)

Fri Mar 19, 2021, 12:01 PM

1. Yes! Have to close all the damn loopholes that benefit the rich to the detriment of society

And there are lots to close.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Fri Mar 19, 2021, 12:05 PM

2. Can this pass in the senate with 50 votes or is it under the filibuster ?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Fri Mar 19, 2021, 12:39 PM

3. They killed my sister!

She had a bad car accident requiring multiple surgeries and was put on SS disability. She got addicted to OxyContin and the abuse of the drug killed her. Screw this family that marketed this drug as non or mildly addictive. They knew what it would do which helped them sell more of it!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Fri Mar 19, 2021, 01:18 PM

4. Which the senate will filibuster

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Fri Mar 19, 2021, 01:32 PM

5. Sacklers of Shit

 

To me, they are no different than street dealers selling smack to kids!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Fri Mar 19, 2021, 01:46 PM

6. Lock them up.

The rich will continue their paths of destruction until they actually start to suffer consequences.

The problem is not the corporations committing crimes. It is the people who run the corporations who are committing crimes and then walking away without punishment.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Fri Mar 19, 2021, 02:39 PM

7. They have nothing to worry about.

Sinema and Manchin will protect them by making sure Moscow Mitch can stop it.

Their voters have spoken

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Fri Mar 19, 2021, 03:32 PM

8. What does it mean to file for bankruptcy, when their assets have been hidden

... in offshore accounts? The Sackler family members took their ill-gotten gains out of the US several years ago, probably even before Chump came to the White House. I believe some Sacklers are living outside the country, in England and other parts of Europe. I doubt these people are very worried about the US courts or legislators.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to brooklynite (Original post)

Mon Mar 22, 2021, 07:16 AM

9. K&R

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread