Toys R Us Failure Started Toymaker Basic Fun On Ch. 11 Road
How We Got To Purdue: From Johns Manville To The Sacklers
Purdue Ruling Fallout, Rite Aid Confirms Ch. 11 Plan
Toys R Us Failure Started Toymaker Basic Fun On Ch. 11 Road
Basic Fun, a company that picked up such iconic toy brands as Lincoln Logs, Tinker Toys and Uncle Milton Ant Farm in distress sales, was itself started on the road to its Chapter 11 filing by the bankruptcy of toy retail giant Toys R Us, according to court filings.
How We Got To Purdue: From Johns Manville To The Sacklers
The U.S. Supreme Court upended years of bankruptcy practice last week when it definitively barred nonconsensual releases of nondebtors in the Chapter 11 case of Purdue Pharma, saying no authority exists to extinguish claims that creditors of a bankrupt entity may have against related entities that themselves did not file for bankruptcy.
Purdue Ruling Fallout, Rite Aid Confirms Ch. 11 Plan
A long-awaited decision by the U.S. Supreme Court struck down nonconsensual third-party releases in the bankruptcy of Purdue Pharma LP, sending the bankruptcy bar toward a rethinking of the entire process of resolving mass torts through bankruptcy; pharmacy chain Rite Aid confirmed its Chapter 11 plan; and FTX Trading got court approval for its disclosure statement.
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