•   
  •   
  •   

US Judge in Purdue Pharma bankruptcy case extends lawsuit protection to Sacklers

03:45  07 november  2019
03:45  07 november  2019 Source:   washingtonpost.com

Elizabeth Warren’s Days Defending Big Corporations

  Elizabeth Warren’s Days Defending Big Corporations Elizabeth Warren had never taken on the federal government before. But in 1995, she found herself up against the Clinton administration, representing the Cleveland-based conglomerate LTV Steel. Even though LTV had sold off its coal mines during the 1980s, a new law required it to contribute to a health fund for retired miners.LTV believed that it should not have to pay. Those claims, the company said, should have been handled as part of its bankruptcy reorganization.Ms. Warren’s job was to convince the Supreme Court to hear LTV’s case.The court declined, but for Ms. Warren, the issue would fester.

They objected to the legal protection being extended to the Sacklers , who have not filed for personal bankruptcy . Demonstrators protest Purdue Pharma outside a Boston courthouse in August. A bankruptcy judge has ruled that lawsuits against the company and the Sackler family who own it

WHITE PLAINS, N.Y. — A federal bankruptcy judge on Wednesday temporarily extended protection that halts scores of lawsuits against Purdue Pharma and members of the Sackler family, who founded the opioid maker

WHITE PLAINS, N.Y. — A federal bankruptcy judge on Wednesday temporarily extended protection that halts scores of lawsuits against Purdue Pharma and members of the Sackler family, who founded the opioid maker, until April 8.

a group of people on a newspaper: Protesters demonstrate against Purdue Pharma over its role in the national drug epidemic. A bankruptcy judge has ruled that lawsuits against the company and the Sackler family who own it will be frozen for at least 180 days.© Charles Krupa/AP Protesters demonstrate against Purdue Pharma over its role in the national drug epidemic. A bankruptcy judge has ruled that lawsuits against the company and the Sackler family who own it will be frozen for at least 180 days.

The order by Judge Robert Drain continues a temporary injunction that was put in place last month and expired Wednesday. It came over the objections of some litigants who have argued that the Sackler family does not deserve such legal protection.

Longhorns use strong finish to pull upset at No. 23 Purdue

  Longhorns use strong finish to pull upset at No. 23 Purdue WEST LAFAYETTE, Ind. (AP) — Matt Coleman III scored 22 points and Gerald Liddell added a career high 14 on Saturday night to help Texas upset No. 23 Purdue 70-66. The Longhorns (2-0) have won seven straight dating to last season's run to the NIT championship and they became the first non-conference team to beat the Boilermakers on their home court in nearly three years. Sasha Stefanovic scored 14 points to lead Purdue (1-1). Eric Hunter Jr. andEventually, all that work paid off.

They objected to the legal protection being extended to the Sacklers , who have not filed for personal bankruptcy . © Charles Krupa/AP Protesters demonstrate against Purdue Pharma over its role in the national drug epidemic. A bankruptcy judge has ruled that lawsuits against the company and

They objected to the legal protection being extended to the Sacklers , who have not filed for personal bankruptcy . © Charles Krupa/AP Protesters demonstrate against Purdue Pharma over its role in the national drug epidemic. A bankruptcy judge has ruled that lawsuits against the company and

Subscribe to the Post Most newsletter: Today’s most popular stories on The Washington Post

Purdue Pharma, the maker of OxyContin, filed for bankruptcy Sept. 15 as part of a broad opioid settlement proposal with 24 states but that is opposed by 24 states and the District of Columbia. Oklahoma and Kentucky separately have already settled with Purdue Pharma.

Officials representing the dissenting states and a number of municipalities have objected to the temporary injunction covering the Sacklers, who have not filed for personal bankruptcy. But some reached a deal with Purdue Pharma on Wednesday agreeing to voluntarily comply with the temporary injunction. The agreement allows those states to change their minds later and fight the injunction.

San Antonio horse-drawn carriage company gallops into bankruptcy amid fight over sale

  San Antonio horse-drawn carriage company gallops into bankruptcy amid fight over sale The horse-drawn carriages operated by H.R.H. Carriage Co. and Yellow Rose Carriage Co. are familiar sights in downtown San Antonio, offering quaint joyrides for tourists. A Yellow Rose Carriage Co.

WHITE PLAINS, N.Y. — A federal bankruptcy judge on Wednesday extended protection that halts scores of lawsuits against Purdue Pharma and members of the Sackler family, who founded the opioid maker as part of a compromise between the company and dissenting states.

WHITE PLAINS, N.Y. — A federal bankruptcy judge on Wednesday extended protection that halts scores of lawsuits against Purdue Pharma and members of the Sackler family, who founded the

Although it is not unusual for bankruptcy judges to halt lawsuits against companies or individuals who file for bankruptcy, the injunctions typically do not cover related parties who have not filed for bankruptcy. Last month, Drain called his initial order doing so “extraordinary” but said it was necessary to preserve the company resources needed for the settlement.

Several district attorneys in Tennessee who have sued Richard Sackler told Drain that they did not believe he had jurisdiction over their case and that it should not be included in the temporary injunction. “We believe that Richard Sackler is the place to draw the line related to jurisdiction,” Katherine Stadler, an attorney for the group, said after the hearing, adding that they would probably appeal the order.

Drain asserted that he does have jurisdiction and moved forward. Richard Sackler’s attorney, Gregory Joseph, said he had been unfairly “pilloried” by the press.

No. 1 milk company declares bankruptcy amid drop in demand

  No. 1 milk company declares bankruptcy amid drop in demand Dean Foods blamed a decadeslong drop in milk consumption that has seen people turn to alternatives like soda, juice and almond milk. The Dallas company said it may sell itself to the Dairy Farmers of America, a marketing cooperative owned by thousands of farmers."Despite our best efforts to make our business more agile and cost-efficient, we continue to be impacted by a challenging operating environment marked by continuing declines in consumer milk consumption," CEO Eric Berigause said in a statement.Since 1975, the amount of liquid milk consumed per capita in the U.S. has tumbled more than 40%.

Purdue Pharma also asked to extend the stay on lawsuits to the Sacklers , arguing that they would hurt The Purdue Pharma case stands out from other bankruptcies also because it is “particularly Insys Therapeutics in June filed for bankruptcy protection five days after securing a 5 million

OxyContin maker Purdue Pharma on Wednesday asked a bankruptcy court judge to halt all lawsuits against the company and its former directors, including members of the Sackler family, which owns the company. The request is a standard ask for a company that's filed for bankruptcy , as Purdue did this.

The Sacklers have agreed, for the first time, to provide more personal financial information, Marshall Huebner, an attorney representing Purdue, said during the hearing. But an attorney representing creditors said progress had been “slow and strained.”

OxyContin, which has been blamed as a major driver of America’s opioid epidemic, makes up about 90 percent of Purdue Pharma’s sales. The wave of addiction fueled by opioids over the past 20 years has taken more than 400,000 lives.

The company argued that halting litigation was necessary to allow progress on the tentative settlement with more than 2,600 plaintiffs who have accused Purdue Pharma of deceptively marketing its blockbuster opioid pain pill. Without that protection, the company said, the Sacklers may back out of the settlement, valued at $10 billion to $12 billion.

As part of that deal, the Sacklers agreed to relinquish control of their firm and contribute at least $3 billion to the settlement, an amount that would be derived at least in part from the sale of an overseas drug company it owns.

Joe Giudice Calls His Family 'Italian Strong' During Reunion with Wife Teresa and Their Daughters

  Joe Giudice Calls His Family 'Italian Strong' During Reunion with Wife Teresa and Their Daughters Kyle Larson is treating his place in the NASCAR Playoffs no different than any other week and tries not to let the pressure get the best of him.

A federal judge has reportedly extended a protection that temporarily blocks several lawsuits against drug company Purdue Pharma . The Washington Post reported that the move by Robert Drain, a federal bankruptcy judge , on Wednesday was part of a compromise between the firm and several

Purdue Pharma , based in Stamford, Conn., would file for bankruptcy under a tentative settlement. The tentative deal was reached scarcely six weeks ahead of the start of the first federal trial in the sprawling opioid litigation before a federal judge in Cleveland, in which Purdue was a defendant.

Some state attorneys general have argued that is not enough from a family whose wealth Forbes has estimated at $13 billion. If the Sacklers want special protection from the bankruptcy court, they should be forced to give a detailed accounting of their wealth, North Carolina Attorney General Josh Stein said in September. Stein has sued eight members of the family individually.

To promote transparency and trust in the process, a special examiner should be appointed, a group of eight law professors said in a letter Tuesday to the Office of the U.S. Trustee in Manhattan, which oversees bankruptcy cases.

“There is intense public scrutiny of these cases given the severity of the opioid crisis, and serious concern about the propriety of the process, in particular that these cases may be used to shield the Sackler family and/or the Debtors from scrutiny in ways that many might find problematic,” said the letter, which was signed by professors Jonathan C. Lipson of Temple University’s Beasley School of Law, Adam J. Levitin of Georgetown University Law Center, and Stephen J. Lubben of Seton Hall University School of Law.

“Neither settlement of the underlying lawsuits, nor any plan of reorganization, is likely to produce a publicly-available report that would allay these concerns. A bankruptcy examination can and should,” it said.

Purdue Pharma said during Wednesday’s hearing that it had started looking for an outside monitor as part of its negotiations with creditors and states that have yet to sign on to the settlement. The company also has agreed to new restrictions on its behavior during the bankruptcy, including limiting its lobbying, said Huebner, the company attorney.

There has been substantial progress, he said, adding: “The goal is always to get to a deal whenever it is possible.”

DHS Sued for Answers About Its Use of DNA Testing at the Border .
"DHS has deployed this privacy-invasive technology without explaining how accurate the testing is, whether families can challenge the results, or how the program may be expanded in the future," said EFF Staff Attorney Saira Hussain.The Electronic Frontier Foundation (EFF) filed a Freedom of Information Act complaint in federal court in San Francisco earlier this week, asking a judge to force the DHS to share information on its use of Rapid DNA testing.

—   Share news in the SOC. Networks

Topical videos:

usr: 1
This is interesting!