Insys Creditors Say Liquidation Would Spark Chaos

Law360 (November 6, 2019, 4:16 PM EST) -- Opioid maker Insys Therapeutics' unsecured creditors fired back in Delaware bankruptcy court Tuesday at calls from government bodies involved in an opioid suit to liquidate the company, calling them an attempt to press an inflated claim that would plunge creditors into a yearslong free-for-all over the estate.

In a motion supporting Insys' own opposition to a Chapter 7 conversion motion by a group representing the government bodies suing the drugmaker in multidistrict litigation for its alleged role in the opioid epidemic, the unsecured creditors committee accused the MDL group of inflating its claims and argued the current proposed Chapter 11 plan would...

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