Vivus to Emerge From Chapter 11 as Unit of Icahn Enterprises

December 11, 2020, 9:56 PM UTC

Vivus received approval from the U.S. Bankruptcy Court in Delaware on its second amended joint prepackaged Chapter 11 plan of reorganization.

  • Court approved the disclosure statement and solicitation procedures and confirmed the second amended plan
  • Plan implements the mediated settlement among the company, Icahn Enterprises Holdings, and the equity committee
  • Company will continue to manufacture and sevice for Qsymia capsules

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To contact the reporter on this story:
Linly Lin in San Francisco at llin153@bloomberg.net

To contact the editor responsible for this story:
Chakradhar Adusumilli at cadusumilli@bloomberg.net

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