Bankruptcy & Restructuring News Headlines for Thursday Sep 2, 2021

Here's what we are reading this morning:

The Valens Company to Acquire Citizen Stash Cannabis Corp.: Valens will acquire all of the issued and outstanding common shares of Citizen Stash by way of a court-approved plan of arrangement under the Canada Business Corporations Act, in an all share transaction. Citizen Stash is the parent company of Experion Biotechnologies Inc., a Health Canada licensed cultivator and processor of Cannabis, based in Mission, B.C.

Purdue Pharma Bankruptcy Plan Approved, Freeing Owners From Lawsuits - WSJ: The OxyContin maker won court approval of a roughly $4.5 billion bankruptcy settlement that shields its owners, members of the Sackler family, from lawsuits accusing them of contributing to the opioid epidemic in exchange for providing funds to combat the crisis.

AG Ferguson to appeal Purdue bankruptcy plan | Washington State: Ferguson asserts that the plan is inadequate, and that a bankruptcy court doesn’t have the authority to prevent attorneys general from enforcing state law, including the decision to pursue the company’s owners, the Sackler family, for their illegal conduct.

Norwegian Air takes off slowly after bankruptcy woes: Low-cost carrier Norwegian Air Shuttle, which exited bankruptcy protection in May, reported on Tuesday an improvement in its first-half earnings as the beleaguered travel sector picks up speed amid rising vaccinations.

Centerra Says Seized Kyrgyzstan Mine Flooded, Endangering Site - Bloomberg: There may be at least 40 meters (131 feet) of water at the bottom of the Kumtor central pit, the Canadian mining company said on Tuesday in a statement

Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Triggering Events That Accelerate or Increase a Direct Financial Obligation (Item 2.04) for the Week Ended Wednesday Sep 1, 2021:

Older Post Newer Post