Bankruptcy & Restructuring News Headlines for Wednesday Feb 2, 2022

Here's what we are reading this morning:

Purdue Pharma judge extends Sacklers' U.S. litigation shield to Feb 17 | Reuters: A federal judge on Tuesday extended a legal shield protecting the Sackler family owners of Purdue Pharma from lawsuits to Feb. 17, as they try to reach a deal with several states to settle sprawling litigation stemming from the U.S. opioid crisis.

Drug distributors, J&J to pay $590 mln to settle U.S. tribes' opioid claims | Reuters: The three largest U.S. drug distributors and drugmaker Johnson & Johnson have agreed to pay $590 million to resolve claims by Native American tribes that the companies fueled an opioid epidemic in their communities, according to court filings.

DTC Briefing: Peloton’s troubles foreshadow demand challenges startups will face in 2022 | Modern Retail: For the past two years, direct-to-consumer startups have been riding high on a wave of increased online shopping. But that period of exponential growth may be coming to an end if Peloton’s fortunes are any indication.

Who Really Got Rich From the GameStop Revolution? - WSJ: During a revolt against Wall Street, some pros still figured out a way to win

The Honorable David E. Rice Selected as Chief Judge of Maryland Bankruptcy Court Effective April 30, 2022: The United States District Court announces the selection of the Honorable David E. Rice as Chief Bankruptcy Judge in the District of Maryland, effective April 30, 2022, for a term not to exceed seven years. Judge Rice began service as a United States Bankruptcy Judge on April 1, 2011.

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