On June 27, 2018, Judge Kevin Carey of the United States Bankruptcy Court for the District of Delaware ruled that a dismissal order in a bankruptcy case could provide for exculpation of the estate fiduciaries and their respective professionals. The ruling is a welcome result for all estate fiduciaries whose tireless efforts during a complex bankruptcy case fail to culminate in an approved plan of reorganization. Morrison & Foerster LLP represents the debtors in the matter.
Background
USA, Delaware, Insolvency & Restructuring, Litigation, Morrison & Foerster LLP, US District Court for District of Delaware
The Supreme Court’s recent decision in Merit Management Group, LP v.