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Vivus Eases Equity Committee 'Death Trap' In Ch. 11 Plan

By Jeff Montgomery (August 5, 2020, 10:27 PM EDT) -- Bankrupt biopharmaceutical company Vivus Inc. has agreed to drop some Chapter 11 plan terms that shareholders called a "death trap" for potential equity committee organizers or those stockholders who reject some plan provisions, with wiped-out stockholders now scheduled to battle for their own panel on Friday....

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