Judge rejects Purdue Pharma's sweeping opioid settlement that protected Sackler family
CBSN
A judge has rejected OxyContin maker Purdue Pharma's bankruptcy settlement of thousands of lawsuits over the opioid epidemic because of a provision that would protect members of the Sackler family from facing litigation of their own.
In a ruling Thursday, U.S. District Judge Colleen McMahon in New York found that federal bankruptcy law does not give the bankruptcy judge who had accepted the plan the authority to grant that kind of release for people who are not declaring bankruptcy themselves.
The ruling is likely to be appealed by the company, family members and the thousands of government entities that support the plan.
Washington — Senate Democrats are meeting Tuesday morning to elect their leadership for the next two years, after Republicans flipped the chamber in the 2024 elections.
President-elect Donald Trump is pledging to block Japan's Nippon Steel from buying U.S. Steel, a $14.9 billion deal announced a year ago that is now under review for its potential impact on U.S. national security.
A Virginia man has been charged with murder more than four months after his wife disappeared and a substantial amount of blood was found in their suburban Washington home, authorities announced Monday.
Monterey, California — The battle over President-elect Trump's pick for Secretary of Defense, Pete Hegseth, may become a test of loyalty for Republican stalwarts — some of whom stood at the center of a bid 10 years ago to remove Hegseth as the head of a veterans' charity over allegations of financial mismanagement, repeated intoxication and sexual misconduct.
The death of a 19-year-old college student on a Texas highway is raising questions about the fleet of drivers Amazon uses to move packages between its facilities. College freshman Iliana Velez's life was cut short in a crash with a contractor who was driving to pick up an Amazon load.
President Biden on Sunday issued a sweeping pardon of his son Hunter, who was convicted earlier this year on federal gun and drug charges, and pleaded guilty to tax charges in California.
Elon Musk's efforts to get his massive $56 billion 2018 Tesla pay package reinstated was rejected by a Delaware judge on Monday.
Two flight attendants for Delta Air Lines were pulled from an international flight after failing a breathalyzer test in Amsterdam on Friday.
Federal investigators found nearly a dozen children to be working dangerous, overnight shifts at Seaboard Triumph Foods' pork processing plant in Sioux Falls, Iowa, the Department of Labor announced.
Washington — Republicans have celebrated holding onto their narrow majority in the House, adding to their flip of the Senate and the White House for a trifecta in Washington next year. But President-elect Donald Trump's selection of a number of House Republicans to fill top posts in his administration is pulling from an already shallow bench, temporarily whittling the GOP majority down further as Trump takes office in January.
President-elect Donald Trump on Nov. 30 threatened to slap a 100% tariff on a group of nine nations — the so-called BRICS — if they try to replace the U.S. dollar with another currency.