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Doctor Should Face Trial over Insys Opioid Kickbacks Despite Bankruptcy, U.S. Says

A Florida doctor accused of taking kickbacks from Insys Therapeutics to prescribe its fentanyl spray should face a civil trial despite his recent bankruptcy, federal prosecutors are arguing, even as a

Milwaukee County Approves Sales Tax Increase as Part of Plan to Avoid Bankruptcy

The Milwaukee County board voted yesterday to nearly double the county’s sales tax, two weeks after the city of Milwaukee approved a local sales tax increase as part of a bipartisan plan to avoid

Lordstown Sale Process Delayed as Judge Allows Karma Lawsuit to Move Forward

Lordstown Motors’ efforts to sell itself during its bankruptcy have been delayed as a judge ruled that the electric-vehicle maker must first face a $900 million lawsuit alleging it stole trade secrets

Roman Catholic Diocese of Syracuse Settles Bankruptcy Case, Will Pay $100 Million to SA Survivors

The Roman Catholic Diocese of Syracuse and the Official Committee of Unsecured Creditors announced Thursday that they have reached a settlement agreement in the chapter 11 case filed in U.S

Company Behind Immersive Van Gogh Exhibit Files for Bankruptcy

Lighthouse Immersive Inc., the company behind an interactive Vincent van Gogh exhibition displayed across the U.S., has filed for bankruptcy, Bloomberg News reported. The Toronto-based company filed

Freight Broker Surge Transportation Files for Chapter 11 Protection

Surge Transportation, a digital freight brokerage founded in 2016 by Omar Singh and based in Jacksonville, Fla., has filed for chapter 11 bankruptcy protection, FreightWaves.com reported. Sixteen of

$2 Billion Default Followed Warnings to Everyone but Investors

Brad Heppner had the grand idea of bringing investment opportunities enjoyed by Wall Street institutions to small-fry investors. It brought misery instead, the Wall Street Journal reported. The Texas

Bill Hwang Seeks to Subpoena 10 Banks, Shift Blame for Archegos Collapse

Bill Hwang, the founder of Archegos Capital Management, on Thursday asked a judge to let him subpoena documents from 10 banks, in an effort to shift blame as he defends against criminal fraud charges

Campaign Finance Charge Dropped from Case Against Sam Bankman-Fried

FTX founder Sam Bankman-Fried will no longer face a campaign finance charge at an October criminal trial, federal prosecutors say, citing a decision by Bahamian authorities to reject a count in the

22 Attorneys General Oppose 3M Settlement over Water Systems Contamination with ‘Forever Chemicals’

Twenty-two attorneys general urged a federal court Wednesday to reject a proposed $10.3 billion settlement over contamination of U.S. public drinking water systems with potentially dangerous chemicals