Traditional

Supreme Court Ruling Reshapes Future of Mass Tort Bankruptcy Settlements: Purdue Pharma Case Unravels Traditional Protections for Insurers

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Washington, D.C. — In a landmark decision, the U.S. Supreme Court has issued a ruling that will reshape the landscape of bankruptcy law, particularly affecting how companies deal with mass tort liabilities through Chapter 11 bankruptcy cases. This decision notably impacts liability insurers who often resort to bankruptcy proceedings to resolve large-scale legal claims. At the center of this pivotal case is Purdue Pharma, the pharmaceutical giant behind OxyContin. This drug, marketed as a time-released painkiller, became wildly popular, turning into the most prescribed opioid in the United States. This, however, came at a steep … Read more

Andhra Pradesh’s Traditional Etikoppaka Toys Earn Top Honors at Republic Day Parade

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GUNTUR, India — Andhra Pradesh’s traditional craft, represented by the ancient art of ‘Etikoppaka Bommalu’ (eco-friendly wooden toys), received nationwide acclaim, winning third prize in the jury category at the Republic Day parade held in Kartavya Path, New Delhi, on January 26, 2025. This marks a historical moment for the state as it garners this accolade for the first time in three decades, a significant recognition announced by the Ministry of Defence. The tableau that stole the spotlight was an embodiment of the state’s rich cultural tapestry, spotlighting the 400-year-old toy-making tradition from the small … Read more

Revolution in Law: How AI is Challenging the Traditional Billable Hour Model

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London, UK — The legal industry, long anchored by the billable hour as a staple measure of productivity and earnings, is now poised for a substantial transformation. The catalyst of this change is the increasing integration of artificial intelligence (AI) tools into legal practices, which promises not only to alter how services are delivered, but also how they are valued and charged. For decades, law firms have traditionally relied on the billable hour to quantify the value of their services. This method charges clients for the amount of time a lawyer spends on a particular … Read more

Supreme Court Decision Challenges Traditional Bankruptcy Shields, Shakes Up Mass Tort Settlements

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New York — A recent Supreme Court decision could make bankruptcy a less favorable option for companies looking to settle massive legal battles. This landmark ruling rejected OxyContin manufacturer Purdue Pharma’s Chapter 11 settlement, impacting the way courts handle legal claims against third parties who haven’t filed for bankruptcy themselves. Bankruptcy courts have historically provided several mechanisms that facilitate the resolution of large-scale litigation, such as the ability to halt ongoing lawsuits and force unwilling claimants to adhere to settlements. These tools have been used in a variety of cases, including those involving allegations of … Read more