The Sackler family, founders of pharmaceutical giant Purdue Pharma, has been granted an extension of the protection that has halted a number of lawsuits against them. Purdue Pharma, the company that made OxyContin, filed for Chapter 11 bankruptcy back in September. The Sackler family, however, has not filed for bankruptcy, which makes the federal … [Read more...]
Donald Trump’s Long History of Walking Out on the Check
President Donald J. Trump, joined by Japan Prime Minister Shinzo Abe and Hall of Fame professional golfer Isao Aoki. (Photo Credit: White House, Public Domain) Starting in the 80's and extending to his stint as host of a successful reality show in the Aughts, Donald Trump successfully branded himself as the personification of wealth. “Trump” … [Read more...]
Boy Scouts Hidden “Perversion Files” Include Nearly 8,000 Perpetrators and over 12,000 Victims of Sexual Abuse
The Boys Scouts of America (BSA) is involved in a sex abuse scandal that some are comparing to the sex abuse scandal involving the Catholic Church. In fact, both organizations successfully fought against New York’s proposed Child Victims Act which would have extended or eliminated the statute of limitations for child sexual abuse victims to file … [Read more...]
Opioid Manufacturer Insys Caught In A Kickback Probe Files Bankruptcy
According to Reuters, Drugmaker Insys Therapeutics Inc filed for bankruptcy protection on Monday amid mounting expenses driven by a U.S. Justice Department probe into claims it paid doctors bribes to prescribe a powerful opioid medication. The Chapter 11 bankruptcy filing marked a first for a drugmaker accused in lawsuits of helping fuel the … [Read more...]
Sackler Family Explores Perdue Pharma Bankruptcy amid Mounting OxyContin Scandal
Purdue Pharma has hired AlixPartners, a New York-based consulting firm known for its restructuring work, to explore filing for Chapter 11 bankruptcy protection, which would most likely halt the approximately 1,600 city and state lawsuits filed against Purdue to “recoup costs incurred for hooking the nation on opioids,” both legal and illegal, … [Read more...]
