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Del. Court Rejects Tricida's Ch. 11 Plan, Citing Unfair Opt-Outs

By Leslie A. Pappas ( May 19, 2023, 7:00 PM EDT) -- A Delaware bankruptcy judge rejected Tricida Inc.'s Chapter 11 plan Friday and ordered the drug developer to remove language that would have prevented shareholders from suing Tricida's creditors or other third parties, finding the process Tricida used to inform the shareholders about the plan was not fair and equitable....

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