Obscure Bankruptcy Law to Decide $6B Oxy Settlement. Columbia Law Prof Decodes SCOTUS Case.

Why is a little-known bankruptcy law shaking up a $6 billion opioid settlement? Columbia Law Prof Edward Morrison breaks down this SCOTUS case's potential to transform bankruptcy law, decide the fate of billions of dollars in victims' compensation, and to determine whether the Sackler family will be released from all future liability.

Will the Supreme Court give the green light? Prof. Morrison explains.

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0:00 Overview -- What is the opioid settlement with the Sacklers, Purdue, and the victims of the opioid crisis?
2:30 What is a Nonconsensual Third Party Release?
5:00 How does a nonconsensual third party release work?
8:30 What is wrong with the Sackler's settlement with Purdue and opioid victims?
13:11 The Purdue / Sackler settlement and why the Supreme Court may approve it.
23:40 Avoiding abuse of nonconsensual third party releases.
27:00 The factors considered by the United States Court of Appeals for the Second Circuit
32:50 The circuit split on the matter of nonconsensual third party releases
38:04 Predictions on how the Supreme Court will rule
48:40 How will the Purdue Pharma case impact other litigation?