It’s So Hard to Say Goodbye to Non-Consensual Third-Party Releases

The United States Supreme Court issued its long-anticipated decision in Purdue Pharma L.P.'s bankruptcy case. The Supreme Court held that the Bankruptcy Code does not authorize a release that, as part of a plan of reorganization under Chapter 11, seeks to discharge claims against a non-debtor without the consent of affected claimants. Check out this client alert discussing this decision.

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Related Content

• Mass-Tort Bankruptcies
  Read this practice note for information on companies that file bankruptcy to address their mass-tort liabilities.

• Channeling Injunction Checklist
  Use this checklist when representing debtors proposing a channeling injunction in a plan of reorganization.

• Confirmation
  Check out the requirements for confirming a Chapter 11 plan.

• Confirmation Objections
  Read this discussion of typical objections to confirmation of a plan.

• Third-Party Releases in Plans
  Review this practice note for the requirements for third-party releases in Chapter 11 plans.

• Chapter 11 Plan Confirmation Resource Kit
  Use this resource kit for Practical Guidance materials on confirming a Chapter 11 plan, including detailed practice notes, templates, and checklists.

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