Conflict Escalates Between Pharma, Bank
The latest development came Wednesday when a bankruptcy court approved Inyx Inc. Chairman Dr. Jack Kachkar to become the debtor-in-possession lender for U.S. units Inyx USA and Exaeris Inc. Lender Westernbank Puerto Rico had opposed the move. Westernbank and Inyx filed lawsuits accusing each other of fraud and breach of contract, among other things.
The initial legal volley after Westernbank,...
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