AdvertisementInsys Files For Chapter 11, Days After Landmark Opioid Settlement Of $225 MillionJune 10, 2019Vanessa RomofacebookEmailInsys Therapeutics founder John Kapoor departs federal court in Boston, Jan. 30. On Monday the company filed for Chapter 11 bankruptcy, saying it needs to sell its assets to pay back creditors. Kapoor, who was convicted last month of racketeering, owns more than 63% of the company. (AP)