Page 2 - Jonathan Lipson News Today

The bankruptcy of FTX is expected to trigger more failures among cryptocurrency companies but whether those failures spill into the general economy is still undetermined.

Eights were wild for two lucky CT Lottery winners who cashed in winning $88,888 scratch-off tickets that were sold at the same liquor store in Connecticut.On Thursday, May 12, CT Lottery announced that two winning “Electric 7s” tickets wor…

Eights were wild for two lucky CT Lottery winners who cashed in winning $88,888 scratch-off tickets that were sold at the same liquor store in Connecticut.On Thursday, May 12, CT Lottery announced that two winning “Electric 7s” tickets wor…

Eights were wild for two lucky CT Lottery winners who cashed in winning $88,888 scratch-off tickets that were sold at the same liquor store in Connecticut.On Thursday, May 12, CT Lottery announced that two winning “Electric 7s” tickets wor…

A surprising but welcome smackdown of the Purdue Pharma settlement that would have let the Sacklers secure their considerable loot.

Originally published on June 3, 2021 1:41 pm After more than a year of high-stakes negotiations with billions of dollars on the line, a bankruptcy plan for Purdue Pharma, the maker of OxyContin, cleared a major hurdle late Wednesday. Federal Judge Robert Drain in White Plains, N.Y., moved the controversial deal forward despite objections from dozens of state attorneys general, setting the stage for a final vote by the companys creditors expected this summer. The drugmaker filed for Chapter 11 ...

A federal bankruptcy judge cleared a plan for final vote by Purdue Pharmas creditors that would release members of the Sackler family and their financial empire from liability for the opioid crisis.

After more than a year of high stakes negotiations with billions of dollars on the line, a bankruptcy plan for Purdue Pharma, the maker of Oxycontin,

Under a bankruptcy procedure prohibited by courts in part of the country, the Sacklers could be sheltered from opioid lawsuits even without declaring bankruptcy. Some states are crying foul.

Originally published on May 3, 2021 9:20 am For months, members of the Sackler family that owns Purdue Pharma, the maker of Oxycontin, have portrayed their bid for immunity from future opioid lawsuits as a kind of fait accompli, a take-it-or-leave-it fix to a legal morass. In exchange for what amounts to a legal firewall for the Sacklers and their remaining empire, members of the family have offered to forfeit control of their bankrupt drug company and pay $4.2 billion from their private fort...