OxyContin maker Purdue Pharma LP filed for bankruptcy protection after reaching a partial deal to resolve more than 2,600 lawsuits alleging it helped fuel the US opioid crisis.
The following are among the key legal battles ahead, pitting states such as Massachusetts, New York and Connecticut against Purdue and the Sacklers.*Purdue will soon ask US Bankruptcy Judge Robert Drain to halt all its lawsuits. The company is preparing for states to argue their lawsuits cannot be stopped because their legal actions were brought to enforce public health and safety laws - exempting them from the usual bankruptcy rules that would pause their complaints.
The Sacklers on Sunday night said they hope opposing states would"shift their focus to the critical resources that the settlement provides to people and problems that need them".
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OxyContin maker Purdue Pharma files for bankruptcy protectionOxyContin maker Purdue Pharma LP filed for bankruptcy protection in New York Sunday night, succumbing to pressure from more than 2,000 lawsuits ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
OxyContin maker Purdue Pharma files for bankruptcy protectionOxyContin maker Purdue Pharma LP filed for bankruptcy protection in New York Sunday night, succumbing to pressure from more than 2,000 lawsuits ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
OxyContin maker, accused of fuelling the US opioid epidemic, files for bankruptcy protectionNEW YORK (REUTERS) - OxyContin maker Purdue Pharma LP filed for bankruptcy protection in New York on Sunday night, succumbing to pressure from more than 2,000 lawsuits alleging the company helped fuel the deadly US opioid epidemic.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Paralympic swimmer Theresa Goh retires | VideoSingaporean paralympic medallist Theresa Goh has announced her retirement after a 20-year competitive swimming career. In an interview with CNA, she talks about her plans for the future.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China Mengniu to buy for infant formula maker Bellamy's Australia for $1.35bBENGALURU (REUTERS) - China Mengniu Dairy Co Ltd plans to buy infant formula maker Bellamy's Australia for A$1.43 billion (S$1.35 billion), sending the target's shares soaring although the deal needs regulatory approval.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
China Mengniu plans to buy infant formula maker Bellamy's for US$983mChina Mengniu Dairy unveiled a plan to buy infant formula maker Bellamy's Australia for A$1.43 billion (US$983 million), a lifeline for a target ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »