Page 50 - Robert Drain News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 fortunes. Judge Robert Drain, who is presiding over the case in White Plains, N.Y., has suggested that s...

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 fortunes. Judge Robert Drain who is presiding over the case in White Plains, N.Y., has suggested such a deal may be desirable and achievable along these broad lines. A negotiated settlement could pre-empt years of costly litigation - the Sacklers deny any wrongdoing - and might accelerate financial aid to communiti...

Bankruptcy option and will keep over 4, 500 sears store open. he upped the bid to $5.2 billion winning the auction and beating out a bid that would have sold sears for parts, liquidating everything for cash. that liquidation bid was supported by groups that are owed money like creditors and landlords. the judge has to sign off on the bid at a hearing february 1 in white plains, new york. the judge presiding over that, robert drain, has pushed for lampert to make this deal with sears and save these jobs. some creditors are not completely sold that this is a good idea and that this will revive s...

Leaving curb negotiations on how and where to raise taxes. a federal bankruptcy judge paved the way for hostess maker of ding dong and ho hoes to dole out bonus to the top executives. judge robert drain made the point that these executives did not run the company into bankruptcy but should be rewarded if they do a good job winding down the business they went into bankruptcy after cutting into pension plans and the bakers union refused to take a pay cut. we'll be watching whomever ultimately biez the hostess brand. cambridge university is studying the potential dangers of climate change, biot...