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TOP NEWS
Health Funds Ink $5.5M Generic Drug Deal With Breckenridge
By Matthew Santoni
A proposed class of end-payers who allegedly overpaid for generic drugs have asked a federal court for preliminary approval of a $5.5 million settlement with Breckenridge Pharmaceutical Inc., though notifying class members and seeking final approval would wait until the process could be combined with another settlement, the plaintiffs said Thursday.
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Spirit Unions Blast Executive Bonus Proposal In Ch. 11
By Hailey Konnath
A pair of unions representing former Spirit Airlines employees Friday tore into the bankrupt airline's request to pay executives incentives to keep them on while the carrier winds down its operations, saying there is "no conscionable basis" to prioritize the highest-paid executives at the expense of the thousands of workers who lost their jobs.
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LITIGATION
IRhythm Inks $45M Deal With Investors In Heart Device Suit
By Gina Kim
IRhythm Technologies Inc. investors asked a California federal judge to preliminarily greenlight a $45 million settlement resolving allegations the digital healthcare company inflated stock prices with misrepresentations about its heart-event monitoring device, noting the deal is a favorable result that warrants approval, given the possibility of no recovery.
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DEALS
EXPERT ANALYSIS
LEGAL INDUSTRY
100+ Ex-Prosecutors Question Chicago US Atty's Leadership
By Celeste Bott
More than 100 former Illinois federal prosecutors issued a statement Monday saying there's been a "failure of leadership" in the U.S. attorney's office in Chicago and that "once-forbidden political considerations are infecting prosecutorial decisions" in the wake of an Illinois federal judge accusing the office of mishandling grand jury proceedings in a case against six immigration activists.
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