Judgment

Province of La Rioja Bondholders File for Summary Judgment Against the Province

Retrieved on: 
Monday, July 26, 2021
Bankruptcy, Debt restructuring, Insolvency, Judgment, Finance, Money, Debt, Argentine debt restructuring

The action, filed in the U.S. District Court for the Southern District of New York, began the process of obtaining formal money judgments against the Province.

Key Points: 
  • The action, filed in the U.S. District Court for the Southern District of New York, began the process of obtaining formal money judgments against the Province.
  • The petition for summary judgment is based upon uncontested facts against which the Province has no valid defenses.
  • Despite its acknowledgment of default, the Province has failed to constructively engage with its bondholder representatives to negotiate a consensual debt restructuring.
  • During the pendency of the Province's default, nine other Argentine provinces have successfully concluded debt restructuring agreements with their international bondholders through good faith negotiations.

Province of La Rioja Bondholders File for Summary Judgment Against the Province

Retrieved on: 
Monday, July 26, 2021
Bankruptcy, Judgment, Sandglass, Debt restructuring, Summary judgment

The action, filed in the U.S. District Court for the Southern District of New York, began the process of obtaining formal money judgments against the Province.

Key Points: 
  • The action, filed in the U.S. District Court for the Southern District of New York, began the process of obtaining formal money judgments against the Province.
  • The petition for summary judgment is based upon uncontested facts against which the Province has no valid defenses.
  • Despite its acknowledgment of default, the Province has failed to constructively engage with its bondholder representatives to negotiate a consensual debt restructuring.
  • SOURCE Beauregarde Holdings LLP, Beauregarde Holdings II LLP, Sandglass Opportunity Fund LP, Sandglass Petrus Opportunity Fund LP, and Sandglass Select Fund LP

Endo Announces Agreement in Principle to Settle Tennessee State Court Case

Retrieved on: 
Thursday, July 22, 2021
Civil procedure, Endo International, Default judgment, Default, Judgment, Companies, Articles

DUBLIN, July 22, 2021 /PRNewswire/ --Endo Internationalplc(NASDAQ: ENDP) today announced that its wholly-owned subsidiariesEndo Health Solutions Inc.andEndo Pharmaceuticals Inc.(collectively, "Endo") have reached an agreement in principle to settle an opioid-related case originally captioned asStaubus, et al.

Key Points: 
  • DUBLIN, July 22, 2021 /PRNewswire/ --Endo Internationalplc(NASDAQ: ENDP) today announced that its wholly-owned subsidiariesEndo Health Solutions Inc.andEndo Pharmaceuticals Inc.(collectively, "Endo") have reached an agreement in principle to settle an opioid-related case originally captioned asStaubus, et al.
  • C-41916, in theCircuit Court for Sullivan County, Tennessee.
  • The Staubus case involves claims by nine counties in eastern Tennessee, eighteen cities and towns within those counties and one individual plaintiff.
  • In April 2021, the trial court entered a default judgment on liability as a sanction for alleged discovery improprieties.

Endo Announces Agreement in Principle to Settle Tennessee State Court Case

Retrieved on: 
Thursday, July 22, 2021
Civil procedure, Endo International, Default judgment, Default, Judgment, Companies, Articles

DUBLIN, July 22, 2021 /PRNewswire/ --Endo Internationalplc(NASDAQ: ENDP) today announced that its wholly-owned subsidiariesEndo Health Solutions Inc.andEndo Pharmaceuticals Inc.(collectively, "Endo") have reached an agreement in principle to settle an opioid-related case originally captioned asStaubus, et al.

Key Points: 
  • DUBLIN, July 22, 2021 /PRNewswire/ --Endo Internationalplc(NASDAQ: ENDP) today announced that its wholly-owned subsidiariesEndo Health Solutions Inc.andEndo Pharmaceuticals Inc.(collectively, "Endo") have reached an agreement in principle to settle an opioid-related case originally captioned asStaubus, et al.
  • C-41916, in theCircuit Court for Sullivan County, Tennessee.
  • The Staubus case involves claims by nine counties in eastern Tennessee, eighteen cities and towns within those counties and one individual plaintiff.
  • In April 2021, the trial court entered a default judgment on liability as a sanction for alleged discovery improprieties.

Buyer Consortium Extends Deadline for HollySys Shareholders to Submit Consents to August 20, 2021

Retrieved on: 
Thursday, July 22, 2021
Professional services, Finance, Human sexuality, Rape, Lluís Companys, Judgment, R (Miller) v Secretary of State for Exiting the European Union, Sexual consent, Eir, Articles, Spanish politicians, Government

The Companys shareholders are now cordially asked to sign, date and return the WHITE consent card or otherwise submit their consents as soon as possible, but in any event on or before August 20, 2021.

Key Points: 
  • The Companys shareholders are now cordially asked to sign, date and return the WHITE consent card or otherwise submit their consents as soon as possible, but in any event on or before August 20, 2021.
  • As the Court has not handed down its judgment, the Consortium will extend the deadline for submission to August 20, 2021, which may be further extended if the Court judgment for this litigation is not available at that time.
  • In further response to shareholder inquiries, the Consortium states the following regarding the Companys July 15, 2021 press release:
    The Consortium is aware of the press release by the Company on July 15, 2021, with the misleading title HollySys Sets Record Straight on Consortiums Consent Solicitation (the July 15 Press Release).
  • Once a judgment is handed down, the Consortium will make an announcement for the purpose of, among other things, responding to the July 15 Press Release.

Distributors Announce Proposed Opioid Settlement Agreement

Retrieved on: 
Wednesday, July 21, 2021
General Health, Health, Professional services, Pharmaceutical, Legal, Real property law, Escrow, Personal finance, Judgment, Tobacco control, Law, Smoking in the United States, Articles, AmerisourceBergen, Cardinal Health, McKesson Corporation, AMERISOURCEBERGEN, CARDINAL HEALTH, MCKESSON CORPORATION

The proposed settlement agreement would become binding only if all conditions outlined below are satisfied:

Key Points: 
  • The proposed settlement agreement would become binding only if all conditions outlined below are satisfied:
    For the next 30 days, all U.S. States, territories and Washington DC will have the opportunity to join the settlement, except West Virginia which settled previously with the companies.
  • If the conditions are satisfied, the settlement would become effective 60 days after the distributors determine that there is sufficient participation to proceed.
  • During this 60-day period, the participating states and the distributors would cooperate to obtain consent judgments in each participating state embodying the terms of the settlement.
  • The companies will make their first annual settlement payment into escrow on or before September 30, 2021, and the payment will be disbursed following the effective date, or returned to distributors if the settlement does not become effective.

Judgment Rendered on July 16, 2021 in the Proceedings Between Biophytis and Negma Group Ltd by the Execution Judge From the Paris Court of Justice

Retrieved on: 
Monday, July 19, 2021
Judgment

In addition, as regards to the execution of this Judgement, Biophytis has served Negma Group with a petition filed with the Presiding Judge of the Paris Court of Appeal requesting that immediate enforcement of the Judgment be stayed or, alternatively, that it be modified.

Key Points: 
  • In addition, as regards to the execution of this Judgement, Biophytis has served Negma Group with a petition filed with the Presiding Judge of the Paris Court of Appeal requesting that immediate enforcement of the Judgment be stayed or, alternatively, that it be modified.
  • Oral argument on this matter was scheduled for September 7, 2021.
  • Biophytis intends to comply with the July 16, 2021 judgment and then to appeal it and, more generally, to take all measures to safeguard its interests.
  • The forward-looking statements contained in this press release are also subject to risks not yet known to Biophytis or not currently considered material by Biophytis.

Endo Comments on Tennessee Appeals Court Orders

Retrieved on: 
Friday, July 16, 2021
States of the United States, Tennessee, United States, Endo International, Judgment, Tennessee Court of Appeals, Tennessee Supreme Court, Endo

DUBLIN, July 16, 2021 /PRNewswire/ -- Endo International plc(NASDAQ: ENDP) today announced the issuance of several orders by the Tennessee Supreme Court and the Tennessee Court of Appeals regarding a default judgment order on liability entered by the Circuit Court for Sullivan County, Tennessee in April 2021 against its wholly-owned subsidiaries Endo Health Solutions Inc. and Endo Pharmaceuticals Inc. (collectively, "Endo") in Case No.

Key Points: 
  • DUBLIN, July 16, 2021 /PRNewswire/ -- Endo International plc(NASDAQ: ENDP) today announced the issuance of several orders by the Tennessee Supreme Court and the Tennessee Court of Appeals regarding a default judgment order on liability entered by the Circuit Court for Sullivan County, Tennessee in April 2021 against its wholly-owned subsidiaries Endo Health Solutions Inc. and Endo Pharmaceuticals Inc. (collectively, "Endo") in Case No.
  • Today, the Tennessee Court of Appeals declined to hear Endo's appeal as of right from the default judgment order, stating in its ruling that the default judgment order cannot presently be appealed because it is not a final judgment.
  • Separately, the Tennessee Court of Appeals denied Endo's renewed request for a stay of the trial court proceedings.
  • In December 2020, the Tennessee Supreme Court unanimously ruled that Tennessee's District Attorneys General lack standing to bring claims under the DDLA.

Endo Comments on Tennessee Appeals Court Orders

Retrieved on: 
Thursday, July 15, 2021
States of the United States, Tennessee, United States, Endo International, Judgment, Tennessee Court of Appeals, Tennessee Supreme Court, Endo

DUBLIN, July 15, 2021 /PRNewswire/ -- Endo International plc(NASDAQ: ENDP) today announced the issuance of several orders by the Tennessee Supreme Court and the Tennessee Court of Appeals regarding a default judgment order on liability entered by the Circuit Court for Sullivan County, Tennessee in April 2021 against its wholly-owned subsidiaries Endo Health Solutions Inc. and Endo Pharmaceuticals Inc. (collectively, "Endo") in Case No.

Key Points: 
  • DUBLIN, July 15, 2021 /PRNewswire/ -- Endo International plc(NASDAQ: ENDP) today announced the issuance of several orders by the Tennessee Supreme Court and the Tennessee Court of Appeals regarding a default judgment order on liability entered by the Circuit Court for Sullivan County, Tennessee in April 2021 against its wholly-owned subsidiaries Endo Health Solutions Inc. and Endo Pharmaceuticals Inc. (collectively, "Endo") in Case No.
  • Today, the Tennessee Court of Appeals declined to hear Endo's appeal as of right from the default judgment order, stating in its ruling that the default judgment order cannot presently be appealed because it is not a final judgment.
  • Separately, the Tennessee Court of Appeals denied Endo's renewed request for a stay of the trial court proceedings.
  • In December 2020, the Tennessee Supreme Court unanimously ruled that Tennessee's District Attorneys General lack standing to bring claims under the DDLA.

Ervin Cohen & Jessup Partner Barry MacNaughton Leads Litigation Team to "David v. Goliath" Victory

Retrieved on: 
Wednesday, July 7, 2021
Appellate court, Judgment, McNaughton

LOS ANGELES, July 7, 2021 /PRNewswire/ -- Ervin Cohen & Jessup LLP Partner Barry J. MacNaughton recently led a litigation team to an appellate-affirmed victory in a classic "David v. Goliath" case over breach of contract claims.

Key Points: 
  • LOS ANGELES, July 7, 2021 /PRNewswire/ -- Ervin Cohen & Jessup LLP Partner Barry J. MacNaughton recently led a litigation team to an appellate-affirmed victory in a classic "David v. Goliath" case over breach of contract claims.
  • Given the relative size of the two companies (InfoSystems is locally owned and operated, while Open Text is one of Canada's largest employers, listed on the NASDAQ), the deck was stacked against MacNaughton and his team.
  • The team prevailed nonetheless, winning a jury verdict in their favor at trial and a net judgment of about $2 million.
  • But when it's appealed and an appellate court affirms that jury's finding you feel truly righteous about your cause," MacNaughton said.