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Bankruptcy Court

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CT To Receive $95M From Purdue Settlement, Create Opioid Survivors Trust, AG Says CT To Receive $95M From Purdue Settlement, Create Opioid Survivors Trust, AG Says
CT To Receive $95M From Purdue Settlement, Create Opioid Survivors Trust, AG Says Connecticut has big plans for its share of the $6 billion Purdue Pharma settlement after being one of nine agencies to appeal a previous settlement with the Sackler family. As part of the multi-billion dollar settlement, Connecticut is set to receive approximately $95 million, which is approximately 40 percent more than the previously vacated settlement that was appealed by state officials. Earlier story - Purdue Pharma Reaches $6B Settlement With US States Over Thousands Of Opioid-Related Lawsuits Connecticut Attorney General William Tong said that the money the state will receive as part…

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by Zak Failla
Business
COVID-19: Retailer J.Crew, With 450 Stores Throughout Nation, Files For Bankruptcy COVID-19: Retailer J.Crew, With 450 Stores Throughout Nation, Files For Bankruptcy
Covid-19: Retailer J.Crew, With 450 Stores Throughout Nation, Files For Bankruptcy Amid a plunge in sales during the novel coronavirus (COVID-19) pandemic, specialty retailer J.Crew has filed for bankruptcy. More Chapter 11 filings across the retail sector are expected in the coming weeks. J.Crew, which opened its first location in 1989, operates more than 450 stores throughout the United States. The company J.Crew, which was struggling financially before the pandemic hit, was acquired in 2011 by TPG Capital and Leonard Green & Partners for $3 billion. J.Crew said in a statement that it has filed a series of customary "first-day" motions with the Bankruptcy Cou…

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by Joe Lombardi
News
COVID-19: Courthouse Restrictions Issued COVID-19: Courthouse Restrictions Issued
Covid-19: Courthouse Restrictions Issued As COVID-19 cases grow in Fairfield County, restrictions have been issued that limit access to district courthouses and probation facilities. In a statement from Stefan R. Underhill, chief U.S. District Judge, people who have visited certain areas and countries within the past 14 days are asked not to enter courthouses. The areas include:  China South Korea Japan Italy Iran New Rochelle, New York, other than in a car or train Any location that is under quarantine In addition, anyone who lives or has had close contact with someone who has been in one of the locations listed above…

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by Kathy Reakes