3rd Circuit Rejects Union Funds’ Challenges To Akorn Bankruptcy Plan

Mealey's (November 28, 2022, 2:00 PM EST) -- PHILADELPHIA — The Third Circuit U.S. Court of Appeals on Nov. 25 affirmed approval of a Chapter 11 reorganization plan for drug manufacturer Akorn Inc., rejecting the arguments of two union health and welfare funds that the plan left insufficient value for their class of unsecured claimants to recover....