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Tue 8/15/2023 -- by Juliette Fairley
A Danish pharmaceutical company is the only business in the U.S. with Food and Drug Administration (FDA) approval to market semaglutide drugs, but that hasn't stopped certain healthcare providers from allegedly selling counterfeit versions. Novo Nordisk filed five federal lawsuits in New York, Texas, Tennessee and Florida complaining that compounding pharmacies, med spas and diet clinics illegally sold unapproved versions of their popular weight loss and Type 2 diabetes drugs to their customers. Wegovy and Ozempic both have semaglutide as an ingredient. "At higher amounts, it increases your sense of satiation so you feel full, and once you feel full, you're not eating, and therefore that could lead to weight loss," said Reuben Saba, vice president of medical and business affairs at Medicure.....
Thu 7/20/2023 -- by Juliette Fairley
A popular credit repair company filed for chapter 11 bankruptcy after losing litigation lodged by the federal Consumer Financial Protection Bureau (CFPB) over its business model. The voluntary petition was submitted June 4 under PGX Holdings in the U.S. Bankruptcy Court for the District of Delaware with up to $500 million in listed assets, up to $10 billion in liabilities and more than 100,000 creditors. "Like most major companies that file chapter 11, they will find ways to continue doing business, and hopefully in a more ethical manner," said Derek Jacques, a bankruptcy attorney with The Mitten Law Firm in Michigan. "I found the whole case interesting as I think there are a lot of bad actors in the debt repair space, and these were the biggest among them."....

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1. Retailer 99 Cents Only files for bankruptcy, plans to shut down (finance.yahoo.com)
Submitted Thu 04/11/2024   Delaware 1:24-bk-10719
2. Chilean telco WOM files for Chapter 11 bankruptcy (datacenterdynamics.com)
Submitted Tue 04/02/2024   Delaware 1:24-bk-10628
3. Nursing home co. Petersen files for bankruptcy after cyberattacks (reuters.com)
Submitted Tue 03/26/2024   Delaware 1:24-bk-10443
4. Crafts retailer Joann files for Chapter 11 bankruptcy as consumers cut back on pandemic-era hobbies (macombdaily.com)
Submitted Tue 03/26/2024   Delaware 1:24-bk-10418
5. 2nd generation lawn care, snow removal business files for bankruptcy (crainsgrandrapids.com)
Submitted Thu 03/21/2024   Michigan Western 1:24-bk-00677
6. Settlement in Erie federal court ends inmate's 15 straight years of solitary confinement (goerie.com)
Submitted Tue 03/05/2024   Pennsylvania Western 1:20-cv-00325
7. Utah entrepreneur facing federal lawsuit is charged with financially exploiting 80-year-old woman (ksl.com)
Submitted Tue 03/05/2024   Utah 2:23-cv-00580
8. College Park Mayor Bianca Motley Broom Files Federal Lawsuit Against Own City Council Over Reduced Powers (hoodline.com)
Submitted Tue 03/05/2024   Georgia Northern 1:24-cv-00937
9. BowFlex files for bankruptcy with $37.5 mln buyout offer (reuters.com)
Submitted Tue 03/05/2024   New Jersey 1:24-bk-12364
10. Family of exonerated Georgia man files $16 million federal lawsuit against deputy who fatally shot him (abcnews.go.com)
Submitted Thu 02/29/2024   Georgia Southern 2:24-cv-00030
11. SuperDeluxe and Boxer File for Chapter 11 Bankruptcy (wweek.com)
Submitted Thu 02/29/2024   Oregon 3:24-bk-30324
12. Karben4 Brewing files Chapter 11 bankruptcy, will continue operating (channel3000.com)
Submitted Thu 02/29/2024   Wisconsin Western 3:24-bk-10358
13. Amazon Aggregator Thrasio Files For Bankruptcy Protection After Raising Billions From Investors (news.crunchbase.com)
Submitted Thu 02/29/2024   New Jersey 3:24-bk-11840
14. North Carolina Theatre files for Chapter 11 bankruptcy, suspends 2024 season (wral.com)
Submitted Tue 02/27/2024   North Carolina Eastern 5:24-bk-00596
15. Crypto firm Terraform Labs files for Chapter 11 bankruptcy protection (abcnews.go.com)
Submitted Tue 01/30/2024   Delaware 1:24-bk-10070

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