Thu 01/27/2022 16:51 PM
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Relevant Document:
Order

The U.S. Court of Appeals for the Second Circuit has accepted the appeal of U.S. District Judge Colleen McMahon’s Dec. 16, 2021 decision, which vacated Purdue Pharma’s confirmation order and invalidated third-party releases of the Sackler family. In an order today, the circuit court granted the petitions for permission to appeal filed by the debtors and other supporters of Purdue’s chapter 11 plan.

The order states: "The parties shall address any and all issues bearing on the legal authority of the bankruptcy court—constitutional, statutory, or otherwise—to authorize the nonconsensual releases of third-party direct claims against non-debtors."

"It is further ORDERED that the requests to expedite the appeals also are GRANTED. Appellants’ briefs are due on February 11, 2022; Appellees’ briefs are due on March 11, 2022; reply briefs, if any, are due on March 24, 2022; and the joint appendix and final briefs are due on March 28, 2022. The Court will schedule oral argument the week of April 25, 2022, or as soon thereafter as practicable."
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