Nostrum Says Ch. 11 Trustee Unnecessary

By Emily Lever · October 15, 2024, 6:57 PM EDT

New Jersey drugmaker Nostrum Laboratories has filed an opposition to Citizens Bank's motion to appoint a Chapter 11 trustee, arguing it was filed too early and is unneeded because Nostrum plans...

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Bankruptcy Scorecard

Summary

A New Jersey drugmaker that paid millions to settle allegations that it underpaid Medicaid drug rebates for its bladder infection drug after it hiked the price more than 400%, filed for Chapter 11 protection with nearly $68.3 million in debt.

Case Number

24-bk-19611

Judge

John K. Sherwood

Venue

U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

$68.3 million

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Documents

Related Sections

Case Information

Case Title

Nostrum Laboratories, Inc.

Case Number

2:24-bk-19611

Court

New Jersey

Nature of Suit

Date Filed

September 30, 2024

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