Here's what we are reading this morning:
Endo’s Patent Loss Over Blood Pressure Drug Adds to Its Troubles - Bloomberg: Endo International Plc’s loss in a patent fight over its bestselling blood pressure drug comes at a tough time for the company, as it grapples with opioid lawsuits and weighs a debt restructuring.
Joe’s Jeans, Jessica Simpson Owner Sequential to Sell Brands in Chapter 11: The fashion licensing company says it can no longer operate its brand portfolio due to significant debt.
NPR: Purdue Pharma Scrambles To Discourage DOJ Appeal of Bankruptcy: With a federal judge poised to approve Purdue Pharma's controversial Chapter 11 plan, the company is working behind the scenes to preempt a legal challenge by the DOJ.
Covenant Living Seeks to Buy CCRC That Filed for Chapter 11 Bankruptcy - Senior Housing News: Senior living nonprofit Covenant Living has entered into a purchase agreement to buy a CCRC in New Hampshire that recently filed for Chapter 11
Sequential Brands Group Commences Voluntary Chapter 11: The Company determined that, as a result of the significant debt on its corporate balance sheet, it was no longer able to operate its portfolio of brands. Accordingly, in conjunction with the filing, the Company will pursue the sale of all or substantially all of its assets under Section 363 of the U.S. Bankruptcy Code.