Supreme Court Rejects Purdue's Opioid Pact With Sackler Shield
Portfolio Pulse from Benzinga Newsdesk
The Supreme Court has rejected Purdue Pharma's proposed opioid settlement that included legal protections for the Sackler family. This decision could have significant implications for the company's bankruptcy proceedings and the broader pharmaceutical industry.
June 27, 2024 | 2:06 pm
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The Supreme Court's rejection of Purdue Pharma's opioid settlement could create uncertainty in the broader market, potentially affecting the SPY ETF.
The decision introduces legal and regulatory uncertainties that could affect investor sentiment and market stability, potentially impacting the SPY ETF.
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