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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.
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
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= new reply since forum marked as read
Sinema and Manchin will protect them by making sure Moscow Mitch can stop it.
Their voters have spoken 
... 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.
