Proposed settlements between the federal government and OxyContin maker Purdue Pharma and its owners cleared a major legal hurdle Tuesday when a bankruptcy judge said they could move ahead.
U.S. Bankruptcy Judge Robert Drain does not need to approve the Sacklers' federal settlement, but he did rule Tuesday that the payment portion of it was allowable.
Drain, based in White Plains, New York, had a say on Purdue's federal settlement because the company is going through bankruptcy as part of its efforts to resolve the thousands of civil claims against it.
Opponents argued that accepting the settlement now locks the judge into accepting the companyās proposal to resolve the lawsuits, including some terms that remain contentious.
āBoth entities, after all, have the public interest as their guiding imperative and share an interest in resolving the opioid crisis,ā Drain said.