Chubb Loses Bid to Enforce D&O Coverage Exclusions in Opioid-Related Case August 30, 2023 By Chad Hemenway A federal judge in North Carolina has ruled against a Chubb subsidiary in an attempt to rid itself of defense-cost...
Drugmaker Mallinckrodt Files for Second Bankruptcy in the US August 29, 2023 By Dietrich Knauth Drugmaker Mallinckrodt on Monday filed for its second bankruptcy in three years in the United States, with a restructuring plan...
Drugmaker Mallinckrodt Moves Toward Second Bankruptcy Filing August 16, 2023 Mallinckrodt on Tuesday said it was preparing to seek bankruptcy protection for the second time in three years after struggling...
Supreme Court Halts Purdue Pharma Bankruptcy Settlement Pending Review August 11, 2023 By John Kruzel and Andrew Chung The U.S. Supreme Court on Thursday agreed to hear a challenge by President Joe Biden’s administration to the legality of...
Purdue Asks Supreme Court Not to Block Opioid Settlement During Appeal August 7, 2023 By Dietrich Knauth Oxycontin maker Purdue Pharma on Friday asked the U.S. Supreme Court to reject the U.S. Department of Justice’s request to...
Teva Agrees to Pay $126M to US Hospitals Over Opioids August 4, 2023 By Brendan Pierson Teva Pharmaceutical Industries Ltd has agreed to pay up to $126 million to U.S. hospitals over 18 years to settle...
DOJ Asks Supreme Court to Delay Purdue Pharma Bankruptcy Settlement July 31, 2023 By Dietrich Knauth The U.S. Department of Justice on Friday asked the U.S. Supreme Court to stop Purdue Pharma from proceeding with a...
Mallinckrodt Gets Second Extension on Opioid Settlement Payment June 26, 2023 By Jonathan Randles Mallinckrodt Plc has for the second time reached an agreement to further delay a $200 million opioid settlement payment that...
McKinsey Creates New Ethics Role After $641 Million Opioid Fallout June 22, 2023 By Matthew Boyle and Irina Anghel McKinsey & Co. is beefing up its ethics department after a series of high-profile controversies, including helping Purdue Pharma LP...
For Groups Fighting Opioid Crisis, Settlement Money Can Be Hard to Come By June 19, 2023 By Brendan Pierson Companies accused of fueling the U.S. opioid crisis have so far paid out more than $3 billion to compensate states,...