AG Tong files notice to block Purdue Pharma bankruptcy settlement

Connecticut Attorney General William Tong has joined eight other state attorneys general in appealing the bankruptcy settlement involving Stamford-headquartered Purdue Pharma and the Sackler family that owned and operated the company.

In a formal notice filed with the U.S. Bankruptcy Court in the Southern District of New York, Tong challenged the settlement”™s provision that granted immunity against the Sackler family for future civil opioid-related claims. Tong initially opposed the plan when it was first presented in July.

“The Sacklers are not bankrupt,” Tong said in a statement. “We cannot allow our bankruptcy laws to be abused and misused as a loophole for the rich and powerful to avoid justice and accountability.

“This decision was an unprecedented and unacceptable overreach by the bankruptcy court,” he said

“Connecticut has filed notice that we will appeal and will continue to fight on behalf of the victims and families of the opioid epidemic until we see justice.”