Feb 21, 2020 - Economy & Business

Podcast: The impact of the Boy Scouts' bankruptcy filing

Axios

The Boy Scouts of America filed for bankruptcy this week in the face of hundreds of lawsuits from men alleging that they were sexually abused during their time in the organization. Pro Rata producer Naomi Shavin and Axios reporter Courtenay Brown discuss how the bankruptcy filing could shape the creation of a victims' compensation fund and what it means for the flood of lawsuits.

Go deeper: Why the Boy Scouts of America filed for bankruptcy

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Orion Rummler

PG&E reaches bankruptcy deal with California

The Pacific Gas & Electric logo on a truck in Jan. 2019 in San Francisco, California. Photo: Justin Sullivan/Getty Images

Pacific Gas & Electric (PG&E) on Friday struck a deal, pledging to help wildfire victims and improve safety in order to emerge from bankruptcy, the New York Times reports.

Catch up quick: PG&E filed for Chapter 11 bankruptcy last January, facing an estimated $30 billion in claims over its potential role in deadly wildfires across the state, and in December agreed to a $13.5 billion settlement with California wildfire victims.

Go deeperArrowMar 20, 2020 - Economy & Business
Bob Herman

Mallinckrodt proposes $1.6 billion opioid settlement via bankruptcy

Mallinckrodt offices in New Jersey. Photo: Salwan Georges/The Washington Post via Getty Images

Mallinckrodt is floating a $1.6 billion proposal to settle allegations that it fueled the opioid crisis by pushing its painkillers. The drug company would make payments in the eight years after its generics business, which sells oxycodone and hydrocodone pills, emerges from bankruptcy.

Why it matters: The attorneys general from 47 states and territories, as well as the plaintiffs in the global opioid lawsuit, are supporting the deal, Mallinckrodt said. Mallinckrodt's brand-name drug business will not be affected, but its generics bankruptcy marks the third opioids bankruptcy, after Purdue Pharma and Insys Therapeutics.

Keep ReadingArrowFeb 25, 2020 - Health
Kia Kokalitcheva

Ex-Uber autonomous driving exec owes Waymo $179 million, files for bankruptcy

Former Uber executive Anthony Levandowski. Photo: Justin Sullivan/Getty Images

A San Francisco judge affirmed that Anthony Levandowski, the executive at the center of a 2017 lawsuit between Waymo and Uber over alleged trade secret theft, would have to pay the $179 million arbitration settlement over his departure from the Alphabet company, per Reuters.

Flashback: Waymo, which is owned by Alphabet, sued Uber three years ago, alleging Levandowski and the company conspired to steal its autonomous driving technology. After a year-long legal battle and a week of trial, the companies settled. Since then, Uber has admitted that a review of its tech concluded it would have to make significant changes or pay Waymo a licensing fee.

Go deeperArrowUpdated Mar 5, 2020 - Technology