Articles Posted in Bankruptcy

A federal bankruptcy judge is likely to approve Purdue Pharma’s bankruptcy plan, but signaled that he would not approve the Sackler family’s sweeping immunity demand as written.

On Tuesday, May 11, 2021, Judge Harlin D. Hale of the U.S. Bankruptcy Court, Northern District of Texas, dismissed the National Rifle Association of America's Chapter 11 bankruptcy case. Judge Hale warned that, should the NRA file a new bankruptcy case, the Court would consider appointing a trustee to fulfill the fiduciary duties required for a debtor in possession.

Posted in: Bankruptcy