House To Consider Curbing Purdue-Style Ch. 11 Releases

By Rick Archer (November 3, 2021, 2:54 PM EDT) -- The House Judiciary Committee on Wednesday sent a bill targeting Purdue Pharma-style nondebtor releases and Johnson & Johnson-style divisive mergers in Chapter 11 to the floor, with the bill's supporters saying it would rein in "extreme abuses" of the bankruptcy system....

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