Ch. 11 Judge Tosses Calif. Drug Co.'s Bid To Stay Investor Suit

By Ben Zigterman · April 9, 2024, 8:10 PM EDT

A Delaware bankruptcy judge declined Tuesday to apply the automatic stay in DMK Pharmaceuticals' Chapter 11 case to a shareholder's appeal of a Delaware Chancery Court decision before the state's top...

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Bankruptcy Scorecard

Summary

DMK Pharmaceuticals has applied for Chapter 11 protection in Delaware, citing recent clinical trial failures and product recalls, as well as the government's allegation that a subsidiary engaged in criminal activities, as reasons for seeking bankruptcy relief.

Case Number

24-10153

Judge

Mary F. Walrath

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$13.9M

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Related Sections

Case Information

Case Title

DMK Pharmaceuticals Corporation

Case Number

24-10153

Court

Delaware

Nature of Suit

Date Filed

February 02, 2024

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