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The (third) party’s over? Recent Decisions cast doubt on the continued vitality of third party releases in chapter 11 reorganizations

Two recent decisions by U.S. District Courts have rejected attempts to include nonconsensual third party releases in chapter 11 reorganization plans. These rulings suggest third party releases may be facing increasing push back from the courts.

USA, Insolvency & Restructuring, Litigation, Proskauer Rose LLP, US Congress