Nostrum Laboratories, Inc.

2:24-bk-19611

November 01, 2024
Under The Radar: Bankruptcy News You May Have Missed

Rudy Giuliani was recently accused of ignoring subpoenas as two former election workers tried to collect on a $148 million defamation judgment, Steward Health Care creditors have opposed the formation of a tort claimants committee and Chinese exile Miles Guo's $26.5 million New Jersey mansion can be sold in Chapter 11.
October 15, 2024
Nostrum Says Ch. 11 Trustee Unnecessary

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 to sell its assets and pay Citizens in full.
October 07, 2024
FTX Wins Plan Approval, Diamond Sports Drops MLB Deals

FTX will start repaying customers using up to $16.5 billion in assets that the fallen cryptocurrency company has recovered since filing for bankruptcy in November 2022, after a Delaware bankruptcy judge blessed FTX's reorganization plan at a hearing Monday.
October 01, 2024
Nostrum Labs Hits Ch. 11 A Year After Medicaid Settlement

Nostrum Laboratories, 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.