The purpose of the bankruptcy process is to compensate t
Posted: Thu Jan 23, 2025 4:50 am
It is not without reason that The Economist magazine devoted a recent article to the case with a rather provocative title: The Supreme Court may toss out Purdue Pharma's bankruptcy settlement. The deal is a case study in unsavoury trade-offs . The report recalls a 40-year-old article by Owen Fiss against this type of agreement, precisely because it understands that several of its characteristics, such as the lack of recognition of guilt in such situations, impede the establishment of values and the realization of justice itself.
It is from this perspective that The Economist concludes that the serbia bulk sms packages Purdue agreement raises precisely the conflict between justice and compensation, which is heightened in this specific case when the numbers are checked: while the Sacklers drained $11 billion from the company to family trusts and holding companies, they will contribute only $6 billion to the victims' compensation amount; while individual victims will receive compensation ranging from $3,500 to $48,000, the Sacklers will continue to have their billion-dollar fortunes.
In addition to such problems, agreements such as the one seen in the Purdue Pharma case are normally “sewn up” and approved in situations in which victims may be in a state of extreme need, which is why they may admit major restrictions on their rights in the worst-case scenario of not receiving anything or having to wait a long time until the final resolution of the matter.
It is from this perspective that The Economist concludes that the serbia bulk sms packages Purdue agreement raises precisely the conflict between justice and compensation, which is heightened in this specific case when the numbers are checked: while the Sacklers drained $11 billion from the company to family trusts and holding companies, they will contribute only $6 billion to the victims' compensation amount; while individual victims will receive compensation ranging from $3,500 to $48,000, the Sacklers will continue to have their billion-dollar fortunes.
In addition to such problems, agreements such as the one seen in the Purdue Pharma case are normally “sewn up” and approved in situations in which victims may be in a state of extreme need, which is why they may admit major restrictions on their rights in the worst-case scenario of not receiving anything or having to wait a long time until the final resolution of the matter.