Bankruptcies – Page 23

Fortress Investment Group Set to Acquire Vice Out of Bankruptcy

The company was part of a group of bidders that offered $225 million to acquire the bankrupt media company.

Bankruptcies Company Reports Consumer Behavior Cooking and Cookbooks Corelle Brands LLC Fads Home Appliances Instant Pot Co Peloton Interactive Inc Quarantine (Life and Culture)

Maker of Instant Pot and Pyrex, Instant Brands, Files for Bankruptcy

Since sales surged during the pandemic, Instant Brands has struggled to find new fans for its beloved Instant Pot and other products.

By Jesus Jimenez

Bankruptcies Decisions and Verdicts Drugs (Pharmaceuticals) Office of the United States Trustee Opioids and Opiates OxyContin (Drug) Pain-Relieving Drugs Purdue Pharma Sackler Family States (US) Suits and Litigation (Civil) U.S. Court of Appeals for the Second Circuit United States

An Appeals Court Gave the Sacklers Legal Immunity. Here’s What the Ruling Means.

In return for the shield, the billionaire owners of Purdue Pharma are committed to paying up to $6 billion to help compensate communities and individuals for the ravages of the opioid epidemic.

By Jan Hoffman

Bankruptcies Decisions and Verdicts Opioids and Opiates Purdue Pharma Sackler Family Suits and Litigation (Civil)

Sacklers Can Be Shielded From Opioid Liability, Appeals Court Rules

The decision gives the Purdue Pharma owners long-sought protection, but it will release billions of dollars from their fortune to states and communities to help cope with the costs of addiction.

By Jan Hoffman

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