Insys Seeks Ch. 11 Clawback Of $10M In Ex-CEO's Legal Fees

Law360 (June 11, 2021, 2:26 PM EDT) -- Drugmaker Insys Therapeutics filed suit in Delaware bankruptcy court seeking to recover more than $10 million in legal fees the company paid out to its former CEO to defend him in a criminal kickback case for which he is now serving prison time.

In a series of suits filed Thursday by a liquidating trust created under Insys' Chapter 11 plan, the trustee said John N. Kapoor had legal fees in excess of $10.2 million paid by the company even though Insys was under no obligation to cover those costs. The trust also named three other former Insys employees in the complaints,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!