Bankruptcy Law

Judge Weighs Onion’s Infowars Buyout Amidst Legal Challenges

A US judge is currently deciding the fate of The Onion’s acquisition of Infowars, a deal that has sparked considerable debate. The sale resulted from a bankruptcy auction, with The Onion emerging as the winning bidder. However, Alex Jones and an associated company are contesting the sale, alleging fraud and collusion in the process. This argument, coming from a party that previously moved assets to circumvent bankruptcy proceedings, casts doubt on the credibility of their claims.

The judge’s role, central to the controversy, is to determine if the sale serves the best interests of creditors, according to bankruptcy law. This legal framework is crucial, directing that disputes are handled through neutral arbitration to ensure fairness.… Continue reading

The Supreme Court rejects a nationwide opioid settlement with OxyContin maker Purdue Pharma

The situation with the Supreme Court rejecting the nationwide opioid settlement with Purdue Pharma is a complex and controversial one. On one hand, the Court made a technically correct ruling based on the interpretation of the Bankruptcy Code. However, the implications of this decision are far-reaching and deeply impactful, especially for the victims of the opioid crisis.

The crux of the matter lies in the fact that the settlement would have shielded the Sackler family from civil lawsuits while providing billions of dollars to combat the opioid epidemic. Sure, the Sacklers agreed to contribute up to $6 billion and give up ownership of the company, but they would have retained billions more.… Continue reading