Reorganizations

Purdue Pharma discussing up to $12 billion offer to settle over 2,000 opioid claims and filing for Chapter 11: sources - The Japan Times

08/27/19

Purdue Pharma discussing up to $12 billion offer to settle over 2,000 opioid claims and filing for Chapter 11: sources  The Japan Times

OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2000 lawsuits against the company for $10 billi.

[more]

Fisker Bankruptcy Estate Can't Claw Back $33M From BMW - Law360

08/27/19

Fisker Bankruptcy Estate Can't Claw Back $33M From BMW  Law360

Bankrupt electric car venture Fisker Automotive has lost its bid to claw back $33 million paid to German automaker BMW in a failed engine-manufacturing deal, ...

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Eckert Seamans Picks Up Three LeClairRyan Attorneys | The American Lawyer - Law.com

08/27/19

Eckert Seamans Picks Up Three LeClairRyan Attorneys | The American Lawyer  Law.com

The trio which includes commercial litigator and bankruptcy partner Christopher Perkins joined Eckert in the wake of LeClairRyan's collapse. Several dozen ...

[more]

Four debt-relief bills cosponsored by Tillis become federal laws - Ripon Advance

08/27/19

Four debt-relief bills cosponsored by Tillis become federal laws  Ripon Advance

Four bipartisan debt-relief bills cosponsored by U.S. Sen. Thom Tillis (R-NC) became law on Aug. 26 after the president signed them last week. “I'm proud to ...

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Unions' Contracts Hold Up FirstEnergy Ch. 11 Confirmation - Law360

08/27/19

Unions' Contracts Hold Up FirstEnergy Ch. 11 Confirmation  Law360

An Ohio bankruptcy judge has ruled that FirstEnergy Solutions Corp. must decide how its union contracts will be dealt with in Chapter 11 before the company's ...

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Lesson to be learned with loss of store - Rome Sentinel

08/27/19

Lesson to be learned with loss of store  Rome Sentinel

The impending demise of Herb Philipson's Army & Navy Stores is the end of an era — a sad reality of the new, global economy. The chain, founded in downtown ...

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Businesswoman Sarah Riggs Amico running for U.S. Senate - Atlanta Business Chronicle

08/27/19

Businesswoman Sarah Riggs Amico running for U.S. Senate  Atlanta Business Chronicle

Democrat Sarah Riggs Amico has announced her candidacy for U.S. Senate next year.

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NORPAC Foods Acquired By Oregon Potato Company - And Now U Know

08/27/19

NORPAC Foods Acquired By Oregon Potato Company  And Now U Know

SALEM, OR - NORPAC Foods, a grower-owned produce cooperative founded in 1924, has announced it is forming an asset purchase agreement with Oregon ...

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Struggling Houston-based energy co. faces potential September default - Houston Business Journal

08/27/19

Struggling Houston-based energy co. faces potential September default  Houston Business Journal

Houston-based Alta Mesa Resources Inc. (Nasdaq: AMR) raised doubts about its own ability to continue as viable company in its most recent annual report.

[more]

Purdue Pharma in discussion on $10 billion-$12 billion offer to settle opioid claims: sources - Reuters

08/27/19

Purdue Pharma in discussion on $10 billion-$12 billion offer to settle opioid claims: sources  Reuters

OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2000 lawsuits against the company for $10 billion ...

[more]