Chapter

Supreme Court Ruling Redefines Chapter 11 Terrain in Landmark Purdue Pharma Case

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Washington, D.C. – A recent Supreme Court decision has significantly reshaped the landscape of Chapter 11 bankruptcy, particularly spotlighting the case involving Purdue Pharma. This ruling may set a new precedent for how large corporations can handle bankruptcy claims, especially with the added complexity of widespread public health implications. Chapter 11 bankruptcy, often used by corporations to reorganize and continue operation while managing debt, has been thrust into the spotlight amid the opioid crisis. Purdue Pharma, known for manufacturing the powerful painkiller OxyContin, filed for bankruptcy in 2019 as it faced thousands of lawsuits alleging … Read more

Supreme Court Restricts Nonconsensual Releases in Chapter 11 Bankruptcies, Impacting Mass Tort Litigation

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Washington, D.C. – In a significant ruling that may transform the landscape of bankruptcy law, the U.S. Supreme Court has decisively limited the use of “nonconsensual third-party releases” in chapter 11 reorganization plans. This decision, falling on a narrow 5-4 margin, rejected these provisions, which previously allowed for the involuntary release of claims against nondebtors, such as the controversial inclusion of the Sackler family in Purdue Pharma’s bankruptcy case. Delivering the majority opinion, Justice Neil Gorsuch, joined by Justices Clarence Thomas, Samuel Alito, Amy Coney Barrett, and Ketanji Brown Jackson, articulated that such releases improperly … Read more

Bankruptcy Case Dismissed: Giuliani’s Non-Compliance Halts Chapter 11 Protection Amid Financial Woes

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New York, NY — The Chapter 11 bankruptcy case of Rudy Giuliani, the former mayor of New York City and attorney to Donald Trump, was dismissed by a U.S. Bankruptcy Court on Friday due to Giuliani’s non-compliance with financial disclosure requirements. Giuliani, who once gained national prominence for his leadership following the Sept. 11 terrorist attacks, sought bankruptcy protection in December, claiming financial duress following a hefty $148 million defamation judgment. The judgment was related to his false accusations of election fraud against Ruby Freeman and Wandrea’ ArShaye Moss during the 2020 presidential election, which … Read more

Valerie Bertinelli Embraces Sobriety and Fresh Beginnings, Clears Instagram to Chart a New Life Chapter

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Valerie Bertinelli, the beloved actress from “One Day at a Time,” is making a bold statement of renewal and self-improvement. This week, Bertinelli erased all traces of her previous posts on Instagram, marking a profound moment of change that she shared with her followers. On Wednesday, she uploaded a fresh selfie, her first post in this new chapter, announcing her achievement of six months of sobriety. The significance of this milestone is highlighted by her use of the Reframe App, a tool designed to help individuals reduce or quit their alcohol consumption. Bertinelli’s candid share … Read more