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Blumenthal Statement Regarding Purdue Pharma Bankruptcy Settlement

[HARTFORD, CT] – U.S. Senator Richard Blumenthal (D-CT) today issued the following statement after a U.S. Bankruptcy Court in White Plains, NY conditionally approved Purdue Pharma’s bankruptcy settlement plan. Judge Robert Drain could formally accept the plan tomorrow.

“Today’s court decision sanctions the Sacklers’ shameful quest to avoid responsibility for their deliberate, reckless disregard of human life. Hundreds of thousands of American families have been decimated and destroyed because of their greed. Sadly, the court’s interpretation of bankruptcy law has allowed for safe harbor for their ill-gotten riches. This ruling should be an impetus for Congress to enact strong and substantial reforms to the Bankruptcy Code to ensure that future Sacklers cannot follow their immoral example. While Congress works to pass legislation, I urge the U.S. Department of Justice to appeal today’s misguided ruling and demand that the Sacklers be held accountable.”