In the Headlines
October 28, 2024

5 Things About the Quest for Sacklers' Billions Overseas

Law360
Asset Recovery attorney Warren Gluck was mentioned in a Law360 article about the ongoing efforts to recover billions of dollars from the Sackler family in connection with the Purdue Pharma bankruptcy case. The article discussed the complexities of pursuing assets held in offshore trusts, particularly in Jersey, one of the Channel Islands known for its financial privacy laws. Mr. Gluck provided insight on Jersey's legal system, comparing it to Delaware in terms of its strict adherence to its rule of law, which provides stability for corporations. The article also delved into the challenges creditors face in attempting to claw back funds from these trusts and the potential legal strategies they might employ in both U.S. and Jersey courts.

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