ATRA Reiterates Support for Chapter 11 Bankruptcy Use to Address Mass Tort Litigation, Urges Meaningful Dialogue Amid Senate Judiciary Committee Hearing
In re: McKinsey & Co., Inc. National Prescription Opiate Consultant Litigation
(N.D. Cal., filed December 30, 2021): Urging the court to dismiss complaints filed by political subdivisions of States that have already resolved the same claims against the same defendant in a global settlement. Arguing that the municipality complaints undermine the state’s sovereign role in protecting the interests of their residents and are precluded by res judicata and by the states’ releases. Also arguing that municipality litigation imperils global settlements and dilutes recovery in public-harm cases.
The lack of oversight and transparency around third-party litigation funding threatens the integrity of our legal system
Together, let’s forge a legal landscape that makes equitable access to justice a living reality for all Georgians.
This is an opportunity to reassess the practices and regulations surrounding private-attorney contracting and to enact reforms that promote fairness, transparency and value for taxpayer dollars.
Allowing the company to continue the bankruptcy process will help ensure equitable and efficient resolution in complex mass tort claims