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Purdue Pharma files re-organization plan; CT, other states reject proposal


Purdue Pharma files re-organization plan; CT, other states reject proposal
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Purdue Pharma is headquartered at 201 Tresser Blvd., in downtown Stamford, Conn.Frank Franklin II / Associated Press
STAMFORD Bankrupt OxyContin maker Purdue Pharma filed Tuesday a re-organization plan, which it said would provide billions of dollars to tackle the opioid crisis but Connecticut and nearly two-dozen other states panned that proposal, arguing for changes such as a greater contribution from the company’s owners.
The Stamford-based firm’s new plan consists of the main terms that it has proposed, since filing for Chapter 11 protection in September 2019, for settling the approximately 3,000 lawsuits consolidated in its bankruptcy case. It values its proposal at more than $10 billion, and the vast majority of the proceeds would be allocated for efforts to respond to a national opioid epidemic that is resulting in tens of thousands of deaths every year. ....

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Lawrence Otis Graham, author who examined prejudice and privilege in Black America, dies at 59


Lawrence Otis Graham, author who examined prejudice and privilege in Black America, dies at 59
Emily Langer, The Washington Post
March 3, 2021
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Lawrence Otis Graham in 2015.Michael N. Meyer/Cuddy & Feder LLP
Lawrence Otis Graham possessed all the qualifications for full-fledged membership in the American elite. He was a graduate of Princeton University and Harvard Law School. At 30, he was a published author and earned $105,000 a year as a corporate lawyer with an office on the 30th floor of a Manhattan office tower. He dressed in a manner befitting his exclusive environs and displayed all the social graces expected from a man of his station. ....

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'Commitment to inclusion': How large CT companies are supporting Black employees


How large CT companies try to support Black employees
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Kidest Shiferaw is a Stamford-based HR surveillance analyst for Synchrony and a member of the company’s African American Network +.Synchrony / Contributed photoShow MoreShow Less
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Susan Stith is Cigna’s vice president of diversity, inclusion and civic affairsContributed photoShow MoreShow Less
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Fred McKinney is the Carlton Highsmith chair of innovation and entrepreneurship for the Lender School of Business at Quinnipiac University.Autumn Driscoll / Quinnipiac UniversityShow MoreShow Less
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Black History Month has been a fixture on corporate calendars for many years.
Amid the coronavirus pandemic and a growing recognition among major companies that they need to do more to tackle racial injustices and inequalities, the Black History Month observances have taken on even greater importance in 2021. Several of the For ....

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