Mallinckrodt, ensnared in opioid crisis, seeks Chapter 11

A New Jersey drugmaker ensnared in the fallout from America’s opioid crisis is seeking bankruptcy protection.

Mallinckrodt said Monday that it had begun Chapter 11 proceedings to restructure debt and resolve “several billion dollars of otherwise unmanageable potential legal liabilities.”

The drugmaker, one of the highest-volume opioid producers in the U.S. at the height of the nation’s prescription drug crisis, announced in February a tentative $1.6 billion settlement to avert hundreds of lawsuits. It said Monday that it plans to amend the settlement as it restructures.

Under the proposed settlement, opioid claims would be channeled to trusts that receive $1.6

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Horizon Technology Finance Provides Third Quarter 2020 Portfolio Update

FARMINGTON, Conn., Oct. 7, 2020 /PRNewswire/ — Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon,” “We,” “Our” or the “Company”), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today provided its portfolio update for the third quarter ended September 30, 2020.

“We successfully originated $16 million of loans, including to two new portfolio companies, despite the protracted economic and health challenges,” said Gerald A. Michaud, President of Horizon. “We remain committed to taking a selective

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Startup Company Value Insurance Goes Live with BindExpress from SpeedBuilder Systems | News

COLUMBIA, S.C., Oct. 7, 2020 /PRNewswire/ — SpeedBuilder Systems, Inc. today announced that Value Insurance MGA (“Value”) is live with its BindExpress® Suite, running Software-as-a-Service to launch their nonstandard automobile product in the state of Alabama. The startup company, incubated out of London Underwriters of Aventura, FL, is running the full suite of BindExpress Rating, Underwriting, Policy, Billing, Claims, and Reporting.

“As a startup, Value must run “lean and mean” on an easy-to-use, intuitive system,” said Paul Gabe, CEO and President of Value Insurance.  “Making it easy for the agents to bind business and process payments is

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