Matt Levine has covered this several times in the past, worth reading. From memory, the Purdue family had put away their money in legally sheltered arrangements, so even an unfavorable decision (to the Sacklers) would likely not be able to claw back much money. The previous deal traded the risk of trial for a perceived as decent compensation. My read is that the majority in the supreme court disagreed that you can al…
Lawyers are fixated on the money for obvious reasons, but the money will never really fix what the Sacklers did (particularly for the many victims who are now dead.) Restitution is largely a farce and we should be focusing on retribution.
Supreme Court blocks controversial Purdue Pharma opioid settlement
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Re: Supreme Court blocks controversial Purdue Pharma opioid settlement
#282I find the Supreme court decisions to be fascinating reads and overall much more interesting and complicated than most news services make them out to be.
Yes, indubitably. It's easy to lose sight of (if one doesn't read the rulings regularly) the fact that SCOTUS's job is to come to rational and deliberate rulings grounded firmly in textual and common law dating back over a thousand years. Even when one doesn't agree with the conclusion, one rarely sees a ruling that isn't reasonable (though sometimes seeing the reason involves entertaining a fact pattern other than t…
Ask good lawyers about their thoughts on SCOTUS Justices, it's not always peachy.
Re: Supreme Court blocks controversial Purdue Pharma opioid settlement
#283What share of the guild do the medical providers that prescribed the opioids to their patients have? There would be no opioid crisis if none were willing to do it.
Scott Alexander had a very interesting writeup about his experiences: https://slatestarcodex.com/2019/09/16/against-against-pseudo...
Every other country in the world has got the problem of painkillers figured out. So it can't be that complicated.
Re: Supreme Court blocks controversial Purdue Pharma opioid settlement
#284Earlier quoted context omitted.
If I had lost a family member to drug abuse I would want justice (ie. jail time) not money.
> I would want justice (ie. jail time) not money Retribution not restitution [1]. “Justice” in this context is ambiguous. [1] https://open.lib.umn.edu/criminallaw/chapter/1-5-the-purpose...
Re: Supreme Court blocks controversial Purdue Pharma opioid settlement
#285Earlier quoted context omitted.
I suspect you misinterpreted what they said. We should be putting guilty people in jail, even if they're rich and powerful.
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Re: Supreme Court blocks controversial Purdue Pharma opioid settlement
#286Earlier quoted context omitted.
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Are you a part of the Sackler family? Otherwise I don’t see how you could have misinterpreted what I said. Tell me, how many rich people went to jail for the fraud that caused the 2008 financial crisis? See what I mean now?
Edit: Could you please stop posting unsubstantive comments and flamebait generally? It looks like your account has been doing this repeatedly. It's not what this site is for, and destroys what it is for. If you wouldn't mind reviewing https://news.ycombinator.com/newsguidelines.html and taking the intended spirit of the site more to heart, we'd be grateful.
Re: Supreme Court blocks controversial Purdue Pharma opioid settlement
#287Earlier quoted context omitted.
One problem of which I was unaware is that the Sackler family has largely fled the United States. Pursuing their assets introduces vast complexities of international law. "In a brief filed on behalf of the relatives of Mortimer Sackler, most of whom are based overseas, lawyers warned of “significant litigation costs and risks” in seeking to enforce any foreign court judgments against the family if the settlement were…
Considering the patience the US has with getting justice against other individuals who have fled our jurisdiction, we could do the same here. We also have an enormous amount of influence in the financial sector in other western nations, so we could at least make their lives less lavish and comfortable. Throwing up our hands and declaring it an unsolvable issue just encourages others to misbehave and then escape the s…
Re: Supreme Court blocks controversial Purdue Pharma opioid settlement
#288There will be people like Sacklers until we start putting them away and throwing away the key. We do need to put rich people in jail at least every now and again, if for no other reason than to demonstrate we're not a banana republic.
> "We do need to put rich people in jail at least every now and again, if for no other reason than to demonstrate we're not a banana republic." And to that end, the USA must demonstrate that it's totalitarian and abuses people's rights?
(squidbeak's reply is a nice example of following this guideline - https://news.ycombinator.com/item?id=40812196)
Re: Supreme Court blocks controversial Purdue Pharma opioid settlement
#289Earlier quoted context omitted.
Last time I looked into things, the fines they were going to pay is a tiny slap on the wrist compared to the obscene money they made. They can put the billions in an account and use just some of the interest for the fines. The biggest hit to them so far was having their name removed from some museums. Let that sink in. They've lost some slight prestige with other wealthy folks.
They took in something like $11 billion and were going to fund something like $6 billion. As far as purely pragmatic solutions go this was not a bad deal for victims. There are a lot of members of the Sackler family and a lot of them have a lot of money despite personally not being connected to the Purdue business in any way. Even if they could all be connected to wrongdoing actually getting money from, like, the sec…
Re: Supreme Court blocks controversial Purdue Pharma opioid settlement
#290I find the Supreme court decisions to be fascinating reads and overall much more interesting and complicated than most news services make them out to be.
Yes, indubitably. It's easy to lose sight of (if one doesn't read the rulings regularly) the fact that SCOTUS's job is to come to rational and deliberate rulings grounded firmly in textual and common law dating back over a thousand years. Even when one doesn't agree with the conclusion, one rarely sees a ruling that isn't reasonable (though sometimes seeing the reason involves entertaining a fact pattern other than t…
See Pierson v. Ray (1967)