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December 20, 2021 56 min

With the stroke of a pen, a U.S. District Court Judge overturned the confirmed bankruptcy plan of Purdue Pharma, placing everything up in the air. What's at stake: $4.3 billion from Purdue's owners, the Sackler family, in exchange for the release of all claims against them from anyone, anywhere, for all time. Without those payments, no creditors other than the United States Government are likely to get anything at all - no opioid remediation and prevention programs; no payments to victims of the opioid epidemic; no states for having borne the costs of addiction; nothing. Plus, now bankruptcy courts don't have the authority they thought they had, so maybe we've broken the bankruptcy system. And what does this all have to do with Anna Nicole Smith??? We'll discuss this and more with one of the nation's foremost experts on bankruptcy.

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