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...In a worst-case scenario for claimants, the legal entity that is subject to the lawsuits, and currently generates €714mn in annual revenue, could even “be turned into an empty shell with no operative business...
...Privilege Style said at the time it would “not operate flights to Rwanda in the future”. The Rwandan government declined to comment. RwandAir was contacted for comment....
...A representative of the 22nd Judicial Circuit in Missouri declined to comment....
...STDC said its focus had “always been to clarify PDT’s rights to accommodate them and prevent hindrance to future economic development” and that it had “made extensive effort to avoid legal action”....
...“Apart from the amount they’re owed, the legal process could cost further tens of thousands [of pounds], adding to cash flow difficulties or even leading to insolvency.”...
...PACCAR, a truck hauliers company, was the name of the claimant in the Supreme Court case last summer and has become shorthand for the ruling....
...“We want them to ramp up investment in alternatives to future-proof their businesses so they can continue to create value.”...
...The claimants alleged that 3M subsidiary Aearo had sold defective ear plugs to US armed services. The total cost of the settlement now is $6bn in cash and stock....
...Current legal settlements cover less than a third of that $48bn sum....
...It was imperfect — it did not, for example, anticipate a future where private individuals could own and operate rocket companies. Space remains militarised to a degree....
...Jamie Smyth He stated in the ruling that the bankruptcy court is the optimal venue for redressing the harms of both present and future talc claimants....
...The claimants’ legal case was unusual because they were seeking a judicial review, which are normally brought against public sector authorities to challenge their decision making....
...claimants to pursue them....
...And that’s not the only blow: bondholders recently learned they’ll have to pay for their own court administrative fees individually, even though they’re pursuing legal action as a group....
...All of Mallinckrodt’s current and future opioid claimants were forced to take the deal offered through the court-supervised bankruptcy process....
...But lawyers for Purdue, the Sacklers and the creditors committee, which includes individual claimants, have argued the full liability release is a condition for the Sacklers making any financial contribution...
...With little risk, consider the diplomatic, economic, and legal gains from transferring frozen Russian reserves to an escrow for Ukraine and possibly other claimants....
...Ben Beadle, chief executive of the National Residential Landlords Association, a representative body, backed the changes but warned: “The lack of progress and uncertainty about the future is destabilising...
...“People in the national security field are now starting to wonder, ‘are we going to allow Asia to win the future of food technology?’” Shapiro said....
...The company has said its talc is asbestos free and had not caused cancers but argues that settling current and future claims in the bankruptcy system would be preferable to fighting talc claims in the courts...
...If there is no money for Argentines, it goes double for Burford. Secondly, there remains substantive legal risks....
...The current bill has been written in a way that lawmakers hope will overcome legal objections related to free speech constraints....
...Only the House of Representatives may bring criminal charges against the president via impeachment, it added....
...The fight over the future of the century-old steelmaker comes after decades of decline at US Steel, once the world’s most valuable company....
...The company scored a landmark legal victory over the SEC in August, which paved the way for the regulator’s eventual reversal of a decade-long policy of rejecting spot bitcoin ETFs....
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