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There's a Bloomberg opinion piece from earlier today [1] that focuses on shopping around for "friendly" jurisdictions for bankruptcy hearings. It focuses on the
by samizdis 5y ago
There's a Bloomberg opinion piece from earlier today [1] that focuses on shopping around for "friendly" jurisdictions for bankruptcy hearings. It focuses on the judge in this case (Robert Drain). Excerpt:
Bankruptcy lawyers can shop for venues they think will be favorable to their case, and a lot of them bring their corporate clients to Drain’s court. And though Drain told the Wall Street Journal last year that any notion of legal friendliness was “an offensive fantasy,” the bitterly fought settlement in the Purdue Pharma case he announced from the bench on Wednesday would seem to provide ammunition for his critics.
A worthwhile read, in my opinion.
[1] https://www.bloombergquint.com/gadfly/purdue-pharma-oxycontin-ruling-lets-sacklers-off-the-hook https://www.bloombergquint.com/gadfly/purdue-pharma-oxyconti...