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Suits and Storms Could Crack Plastics Maker
Wellman, a plastics manufacturer that has not posted a profit since 2001, has been further pummeled by a Hurricane Katrina-related plant closing, rising raw material prices and 40 class action suits alleging price fixing. Last month, it thought it had found a way to begin to turn itself around: slash its dividend by more than half and look to dump some operations. But with no cash on hand and four years of multimillion-dollar losses behind the company, some analysts say cost-cutting alone may not be enough.AP source: Jackson doc bought anesthetic in Vegas
LAS VEGAS AP - The powerful anesthetic that investigators believe killed Michael Jackson came from a Nevada pharmacy that was raided this week, a law enforcement official told The Associated Press on Thursday.Dr. Conrad Murray bought the anesthetic propofol from Applied Pharmacy Services on May 12 and administered doses from that purchase to Jackson in the hours before his June 25 death, the official said.Camden Pays $1.1 Mil. to Settle Suits by City`s In-House Lawyers
Camden`s City Council agreed last week to a $1.1 million settlement of federal suits by six attorneys and a secretary who alleged political influence in the city`s law department.Jones Day Steers Detroit to Chapter 9 Bankruptcy Filing
Four months after being hired to help the financially crippled city find a way out from under its mountain of debt, the firm is now taking the lead advisory role on what is poised to become the largest municipal bankruptcy in U.S. history.Trending Stories
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