WASHINGTON — The Supreme Courtroom on Thursday blocked a nationwide settlement with OxyContin maker Purdue Pharma which may defend members of the Sackler family who private the company from civil lawsuits over the toll of opioids. The justices agreed to a request from the Biden administration to position the brakes on an settlement reached closing […]
Tag: bankruptcy
Trucking big Yellow Corp. declares chapter after years of economic struggles
NEW YORK — Trucking agency Yellow Corp. has declared chapter after years of financial struggles and rising debt, marking a giant shift for the U.S. transportation enterprise and shippers nationwide. The Chapter 11 chapter, which was filed Sunday, comes merely three years after Yellow obtained $700 million in pandemic-era loans from the federal authorities. Whereas […]