Insys bankruptcy plan now court approved

Shareholders of Insys are set to be wiped out under their newly approved Chapter 11 bankruptcy plan, and got permission to pay dimes on the dollar to all the entities that allege they were affected by the company’s contribution to the opioid epidemic. 

The plan was approved by Judge Kevin Gross in U.S. Bankruptcy Court in Wilmington, Delaware. 

Creditors will recieve mere cents on the dollar, and the outlook is bleak for the company and its remaining followers. 

Read the source article at wsj.com

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