Stamford Advocate – Lauren Bonner’s lawsuit against Point72 Asset Management started emphatically. How it will be resolved is much more uncertain.
Business Law
Tong still dissatisfied with Purdue Pharma settlement offer
Stamford Advocate – STAMFORD — Connecticut Attorney General William Tong reiterated Tuesday his opposition to now-bankrupt Purdue Pharma’s settlement offer, asserting that the Sackler family members who own the company need to hike their proposed payout and questioning how the potential deal would restructure and value the OxyContin maker.
Hurting the Planet is not Only Bad for Humanity, It Can Be Bad for Business
UConn Today – When it comes to climate change, one segment of society wants to do good and do well: investors. Be environmentally kind, yes; but build wealth, too. In short, hurting the planet is not only bad for humanity, it can be bad for business. All of which brings pressure to bear on companies that are polluters. How will this shake out? We ask Stephen Park, an associate professor of business law and the Satell Fellow in Corporate Social Responsibility at the School of Business.Continue Reading
Report: Sackler family would give up Purdue in $10-$12 billion settlement
New data doesn’t dispel legal pressure for OxyContin maker Purdue
Stamford Advocate – OxyContin maker Purdue Pharma accounted for about 3 percent of the prescription opioids produced in the U.S. between 2006 and 2012, according to newly released federal data — but the disclosure of the small market share is unlikely to tamp down the intense legal pressure from the state of Connecticut and hundreds of other plaintiffs.
Purdue Pharma bypasses state drug monitoring
Lawsuit: Sackler Emails ‘Shocking and Offensive’ to Opioid Victims
CT Post – Connecticut Attorney General William Tong released Tuesday an unredacted version of the state’s lawsuit against OxyContin maker Purdue Pharma, revealing emails from 2001 that he said showed company co-owner and former CEO and President Richard Sackler’s “shocking and offensive” disregard for victims of the opioid crisis — an assertion contested by Sackler’s attorney.