Financial

Patrick Reed Faces Financial Setback as Lawsuit Crumbles: Must Pay Defendants’ Costs

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ALBUQUERQUE, N.M. – Professional golfer Patrick Reed has been ordered to pay legal costs to defendants in a dismissed lawsuit, a ruling that marks the latest development in an ongoing legal battle. Reed, known for his controversial image in the golfing world, had filed a lawsuit against a number of critics who accused him of cheating during a tournament in 2019. The defendants, including golf commentator Brandel Chamblee and PGA Tour analyst Rory McIlroy, were alleged to have made defamatory statements about Reed’s conduct. However, the lawsuit was recently dismissed by a judge in New … Read more

Purdue Pharma’s Battle with Bankruptcy: The Supreme Court Case That Explores the Limits of Financial Power

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The Supreme Court is set to hear a case that will test the power of bankruptcy in regards to Purdue Pharma, the company behind the opioid epidemic. The case, which is based in White Plains, New York, will determine whether the billions of dollars owed to families affected by the opioid crisis can be included in the company’s bankruptcy settlement. Purdue Pharma filed for bankruptcy in 2019 as a way to resolve thousands of lawsuits and claims related to its role in fueling the opioid epidemic. The company has proposed a $10 billion plan to … Read more