In an attempt to restructure its more than $3 billion in debt and confront lawsuits alleging the company filled opioid prescriptions unlawfully, Rite Aid is reportedly preparing to file bankruptcy. In an article examining the company’s motivations for doing so and the potential ramifications of their bankruptcy, USA Today quoted Professor Ralph Brubaker, an expert […]
Johnson & Johnson’s attempts to use the bankruptcy of its subsidiary, LTL Management LLC, to settle claims that its talc-based products, like baby powder, caused cancer have failed once again, this time in US Bankruptcy Court for the District of New Jersey. In an article on Bloomberg Law, Professor Ralph Brubaker explained that the company’s […]
Dating to his days in practice, Professor Ralph Brubaker has long held an interest in mass torts and bankruptcy that has developed into a rich and rewarding scholarly career. He shared his expertise in a feature interview on the Bloomberg Intelligence FICC Focus podcast, speaking in depth about what makes bankruptcy so appealing to defendants […]
In an August 28th letter to the editor of The Washington Post, bankruptcy expert and professor Ralph Brubaker strongly condemned the Purdue Pharma settlement plan. He wrote: “There are eminently feasible, well-trodden means of rendering justice for massive iniquity, which can and will produce much better (and actual) settlements for victims, if the Supreme Court repudiates the […]
The proposed bankruptcy plan for Purdue Pharma, which would allocate billions of dollars to help ease the nation’s opioid crisis but shield the Sackler family from future lawsuits, has been placed on hold by the Supreme Court. Speaking to The Washington Post, Professor Ralph Brubaker, an expert in bankruptcy law, called the case one of the […]
In his decision this week, Judge Philip Bentley of the U.S. Bankruptcy Court in Manhattan ruled a bankrupt Holiday Inn in downtown Manhattan can’t use chapter 11 to maintain its low-rate mortgage without paying penalty interest linked to its default. The case arose after the owner failed to make payments on its loan after the hotel […]