Eleventh Circuit sides with majority in approving third party releases in bankruptcy plans

On March 12, 2015, the United States Court of Appeals for the Eleventh Circuit affirmed the authority of a bankruptcy court to issue non-consensual, non-debtor releases in connection with the confirmation of a plan of reorganization.1   With this decision, the Eleventh Circuit joined the majority view that such releases are permissible under certain circumstances.

Background

Filed under:
USA, Insolvency & Restructuring, Litigation, King & Spalding LLP, United States bankruptcy court, Eleventh Circuit
Authors:
Sarah Borders , Paul K. Ferdinands , Jeffrey Dutson
Location:
USA
Firm:
King & Spalding LLP