Bankruptcy
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Purdue Pharma LP announced on Friday that it has tapped former U.S. Secretary of Agriculture Tom Vilsack to monitor compliance with an injunction in the OxyContin maker’s ongoing Chapter 11 bankruptcy proceedings… Read this piece in its entirety at Law360.
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The Third Circuit on Tuesday backed a lower court’s decision to deny asbestos claimants’ objections to a Chapter 11 plan of reorganization for Energy Future Holdings Corp., saying the claimants could still seek relief despite the passage of a cutoff date for filing claims… Read this piece in its entirety at Law360.
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The Fifth Circuit has ruled on a “mathematically complex but legally straightforward” bankruptcy appeal, holding that a defunct staffing company is responsible for various fees and invoices owed to Zurich American Insurance Co. despite moving to another insurer prior to bankruptcy… Read this piece in its entirety at Law360.
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California Gov. Gavin Newsom urged a federal bankruptcy court Wednesday to reject Pacific Gas and Electric Co.’s reorganization plan, even as PG&E announced it had reached a deal with a group of bondholders securing their support… Read this piece in its entirety at Law360.
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A New York bankruptcy judge discharged more than $220,000 in student loan debt racked up by a self-represented law school graduate, slamming the “punitive standards” used by many of her peers on the bench and vowing “not [to] participate in perpetuating these myths”… Read this piece in its entirety at Law360.
Mike LaSusa 