bankruptcy

Opioid epidemic

Judge rejects Purdue Pharma’s sweeping opioid settlement

A federal judge rejected OxyContin maker Purdue Pharma’s bankruptcy settlement of thousands of lawsuits over the opioid epidemic Thursday because of a provision that would protect members of the Sackler family from facing litigation of their own. U.S. District Judge Colleen McMahon in New York found that federal bankruptcy law does not give the bankruptcy

Legal Beat

Insurer agrees to $800M settlement in Boy Scouts bankruptcy

Attorneys in the Boy Scouts of America bankruptcy case have reached a tentative settlement under which one of the organization’s largest insurers would contribute $800 million into a fund for victims of child sexual abuse. The agreement announced Monday calls for Century Indemnity Co. and affiliated companies to contribute $800 million into the fund in

Opinion

Opinion: Ending Surprise Medical Bills

The threat of a surprise medical bill could soon be a thing of the past. Congress passed the No Surprises Act (NSA) last December as part of a $2.3 trillion spending package designed to address the COVID-19 pandemic. In its simplest form, the NSA protects “patients from receiving surprise medical bills resulting from gaps in coverage

Opinion

Opinion: Rainbow Nation Report

[Disclaimer: The views expressed in opinion pieces on the PrescotteNews website are solely those of the authors. These opinions do not necessarily represent those of the staff of Prescott eNews or its publisher.] What do an airline bankruptcy, a national post office bankruptcy, a Road Accident Fund bankruptcy, a city’s largest hospital burning down because

National

NRA declares bankruptcy, plans to incorporate in Texas

The National Rifle Association announced Friday it has filed for bankruptcy protection and will seek to incorporate the nation’s most politically influential gun-rights group in Texas instead of New York. The announcement came months after New York’s attorney general sued the organization over claims that top executives illegally diverted tens of millions of dollars for