Edition:
India

Mike Spector

Fate of opioid litigation hinges on government 'police power'

26 Jun 2019

NEW YORK/BOSTON The fate of thousands of lawsuits seeking to hold drugmakers responsible for fueling the U.S. opioid epidemic hinges in part on a thorny legal question: Can a company use a bankruptcy to stop lawsuits from cities and states?

Exclusive: JPMorgan cuts ties with OxyContin maker Purdue Pharma - sources

24 May 2019

JPMorgan Chase & Co has cut ties with Purdue Pharma LP over the OxyContin maker's alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill payments, people familiar with the matter said on Thursday.

Following opioid suits, family behind deadly OxyContin squabbles

10 May 2019

NEW YORK A united front among members of the billionaire Sackler family behind painkiller OxyContin is showing signs of strain from litigation over who bears responsibility for the deadly U.S. opioid epidemic.

Exclusive: Struggling discount grocer Save-A-Lot to seek buyer or investor - sources

06 May 2019

Save-A-Lot Ltd, the U.S. discount grocer owned by private equity firm Onex Corp, is exploring a sale of all or part of itself, as it grapples with increased competition and a swelling debt load, people familiar with the matter said on Monday.

PG&E in talks with BlueMountain to possibly expand board: sources

11 Apr 2019

NEW YORK California utility owner PG&E Corp is exploring expanding its board as it navigates bankruptcy proceedings in an effort to potentially settle an ongoing battle with shareholder BlueMountain Capital Management LLC, people familiar with the matter said on Wednesday.

Exclusive: J. Crew turns again to debt restructuring lawyers - sources

28 Mar 2019

J. Crew Group Inc has tapped restructuring lawyers for the second time in as many years to explore options for reworking its debt, as the U.S. clothing chain struggles with falling sales and a dwindling cash pile, people familiar with the matter said on Thursday.

J.Crew turns again to debt restructuring lawyers -sources

28 Mar 2019

J. Crew Group Inc has tapped restructuring lawyers for the second time in as many years to explore options for reworking its debt, as the U.S. clothing chain struggles with falling sales and a dwindling cash pile, people familiar with the matter said on Thursday.

Purdue Pharma agrees to $270 million settlement in Oklahoma opioid case

27 Mar 2019

OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company reached a $270 million settlement to resolve a lawsuit brought by the state of Oklahoma accusing the drugmaker of fuelling an opioid abuse epidemic. | Video

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