25 Jan 2022
The Purdue Pharma Release Saga Continues with an Appeal to the Second Circuit
In December, the District Court for the Southern District of New York found that the bankruptcy court erred in approving the third-party releases contained in the plan filed in the Purdue Pharma L.P.'s (Purdue) bankruptcy case. The district court is allowing Purdue to quickly appeal the decision to the Second Circuit.
Related Content
- Third-Party Releases in Plans
Review this practice note for the requirements for third-party releases in Chapter 11 plans of reorganization.
- Confirmation Objections
Read this practice note for a discussion of typical objections to confirmation of a plan.
- Confirmation
Check out this practice note for the requirements for confirming a Chapter 11 plan.
- Acceptance Process and Voting on a Plan
Review this practice note to understand the process for soliciting acceptances of a plan and voting on a plan.
- Chapter 11 Plan Confirmation Resource Kit
See this resource kit for other confirmation resources, including detailed practice notes, forms, and checklists.
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