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Hearing on bonuses for top executives postponed Judge seeks due diligence on employees eligible for payments The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. (Reuters) - The judge overseeing Purdue Pharma’s Chapter 11 case has tentatively approved $16.1 million in retention payments for 506 of the company's employees but conditioned his ruling on the OxyContin makerâ€...

The judge overseeing Purdue Pharma’s bankruptcy approved a deal on Thursday under which three law firms will forfeit a combined $1 million in fees to resolve allegations that they failed to disclose connections to Sackler family members that own the company.

BHP and Vale’s Samarco hit with nearly $ 1 billion suit The collapse of the Fundao tailings dam in 2015 killed 19 people and polluted hundreds of miles of rivers. ( Image: Agência Brasil Fotografias.) BHP (ASX, LON, NYSE: BHP) and Vale’s (NYSE: VALE) beleaguered Samarco joint venture in Brazil has been hit with an almost $1 billion lawsuit from noteholders who accuse the company of ignoring their requests to restructure their debt. The claim, filed in October last year by the Bank of New York Mellon on behalf of noteholders, states the $898 million sought from Samarco is made up of the ...

BHP and Vale’s Samarco hit with $1 billion court case Save Normal text size Advertisement BHP and its partner Vale’s troubled Samarco joint venture in Brazil has been hit with a $1 billion-plus lawsuit from noteholders who claim their requests to restructure their debt have been largely ignored. Bank of New York Mellon filed the claim in the Southern District of New York in December on behalf of noteholders holding $US700 million of Samarco’s bonds. The claim has created more headaches for Samarco which has been struggling to complete its long-awaited $US3.8 billion debt restru...