AGG’s Restructuring Roundup newsletter is a monthly update of legal issues and news affecting or related to commercial litigation and bankruptcy. The newsletter is a curation of published articles and news, and contains original content developed by AGG’s Bankruptcy, Creditors’ Rights, & Financial Restructuring attorneys.
Industry News
OxyContin victims fight for their share in Purdue bankruptcy case
February 27, 2022 (Yahoo news)
Stephanie and Troy Lubinski met when they were teenagers, and they were married for three decades. Troy was big-hearted, kind, the best fisherman around, a devoted father who cared for the kids during the day after long night shifts as a firefighter.
J&J wins fight to resolve talc lawsuits in bankruptcy court
February 25, 2022 (Yahoo news)
Johnson & Johnson can use the bankruptcy system to resolve multibillion-dollar litigation claiming its talc products cause cancer, a U.S. judge ruled on Friday, signing off on a legal maneuver that enables the company to avoid fighting more than 38,000 individual lawsuits.
Mohamed Hadid's 65 Acres In Beverly Hills Set For Bankruptcy Auction
February 24, 2022 (TheStreet)
After years of controversy, 65 acres of undeveloped residential land near the Franklin Reservoir in Beverly Hills, also known as the Coldwater Development, is being sold under authority of the United States Bankruptcy court, and as directed by court appointed Trustee, Sam Leslie.
Hand sanitizer maker files for bankruptcy two years after recall
February 23, 2022 (Reuters)
A manufacturer whose hand sanitizers may have been tainted with a toxic substance filed for bankruptcy protection on Tuesday to wind down operations.
Priest retirement home, high schools among assets at risk in Harrisburg Diocese bankruptcy
February 23, 2022 (Yahoo news)
A federal judge found sufficient claims of fraud allegations exist against the Roman Catholic Diocese of Harrisburg and ruled that attorneys representing sexual abuse survivors can seek a judgment to have an estimated $95 million in assets the Diocese transferred behind two different trusts moved to its bankruptcy estate.
Transport for London Likely to Face Bankruptcy, Guardian Says
February 20, 2022 (Bloomberg)
London’s transport authority might declare bankruptcy within days if the government fails to provide financial support, the Guardian reported on Sunday, citing a spokesperson for the company.
