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Client Alert
|August 20, 2024
|5 Min Read
The Corporate Transparency Act: Coming to A Reporting Company Near You
Client Alert
|July 1, 2024
|8 Min Read
The Supreme Court announced a major restriction on a common practice for Chapter 11 bankruptcy reorganization plans, sending a multi-billion-dollar settlement involving the Purdue Pharma opioid litigation back to the drawing board. In Harrington v. Purdue Pharma L.P., the high court held that the bankruptcy court could not enter a release benefitting the Sackler family, who were accused of funneling $11 billion from the now-bankrupt Purdue Pharma but had not themselves filed bankruptcy petitions. The plan would have released the Sacklers in exchange for contributing up to $6 billion to pay opioid-related claims against them and Purdue Pharma in connection with OxyContin addiction.
Client Alert
|May 30, 2024
|10+ Min Read
FERC’s New Transmission Rule: From “Band-Aids” to Open Heart Surgery or Something in Between?
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