I Shall (Not) Be Released: With Purdue Pharma Decision, US Supreme Court Remakes Chapter 11 Landscape

They say every man needs protection, they say that every man must fall.1

Filed under:
USA, Insolvency & Restructuring, Litigation, Mayer Brown, Bankruptcy, Supreme Court of the United States
Authors:
Louis S. Chiappetta , Tyler R. Ferguson , Devi Shah , Joshua R. Gross
Location:
USA
Firm:
Mayer Brown
Southern District of New York Holds That Bankruptcy Court Lacks Statutory Authority to Approve Non-Consensual Third-Party Releases

In a December 16, 2021, decision,1 Judge Colleen McMahon of the US District Court for the Southern District of New York reversed the bankruptcy court order confirming the Chapter 11 plan of Purdue Pharma, L.P.

Filed under:
USA, New York, Insolvency & Restructuring, Litigation, Mayer Brown, US District Court for the Southern District of New York
Authors:
Adam C. Paul , Sean T. Scott , Louis S. Chiappetta , Aaron Gavant , Tyler R. Ferguson
Location:
USA
Firm:
Mayer Brown