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Could Mass Tort Bankruptcies Fall Apart in 2024?

By Amanda Bronstad
February 01, 2024

Mass tort bankruptcies took some big hits in 2023, with two of them dismissed outright, and two more potentially hanging in the balance.

The U.S. Supreme Court heard oral arguments in December in a closely watched case involving the release of liability granted to the Sacklers, founders of Purdue Pharma, as part of the opioid manufacturer's $6 billion bankruptcy plan.

The Supreme Court's ruling could dismantle the Purdue deal, as well as the Boy Scouts of America's Chapter 11 plan, which also involves third-party releases.

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