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Purdue Pharmaceuticals files for bankruptcy

Purdue Pharmaceuticals, a U.S. manufacturer of the opioid painkiller, OxyContin, received bankruptcy protection from the court on the 1st (local time). According to the Wall Street Journal (WSJ), Judge Robert Drain of the federal bankruptcy court in White Plains, New York, approved Purdue Pharmaceuticals’ restructuring plan. That would also end lawsuits filed by
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Porsche SE Sued for Diesel Scandal

Volkswagen’s largest shareholder, Porsche SE, is being sued over the car manufacturing company’s diesel emissions.  The plaintiffs are undisclosed at the time of this article, but claim to be shareholders of Volkswagen AG. The lawsuit was revealed in the company’s half-year report. A similar suit in 2018 required testimony from various former Volkswagen executives.