Apple investors seem unperturbed by the news late Thursday that the company has reached a settlement of a class-action lawsuit by app developers that could allow them to route around some App Store fees. In particular, Apple (ticker: AAPL) agreed that developers have the right to tell their customers how they can pay for apps outside the App Store, enabling developers to avoid paying Apple commissions in some circumstances. Developers will not pay Apple a commission on any purchases taking place outside of their app or the App Store. Read More...
Reuters
Purdue Pharma judge urges opioid plan opponents to settle with Sacklers
The judge overseeing Purdue Pharma’s bankruptcy on Friday urged opponents of the OxyContin maker’s reorganization plan, which would resolve widespread opioid litigation, to settle quickly with the company’s Sackler family owners because it would save time and money on appeals later. U.S. Bankruptcy Judge Robert Drain in White Plains, New York, made his remark during a hearing on Friday morning, five days before he is set to rule on the plan. The deal, if approved, would clear a path to resolve thousands of opioid lawsuits and shield the Sackler family owners from future litigation.
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