There is longstanding controversy concerning the validity of third-party release provisions in non-asbestos trust chapter 11 plans that limit the potential exposure of various.
Summary of Purdue Pharma, L.P. v, City of Grand Prairie (In re Purdue Pharma, L.P.), No. 22–110 – Bk (2d Cir. May 30, 2023) - In a long awaited decision, the United.
Exculpation clauses limiting the liability of certain entities for actions taken in connection with a bankruptcy case are a common feature of chapter 11 plans. However, courts disagree.
The "Texas Two-Step" is a controversial legal maneuver used by businesses to shed mass-tort liabilities in bankruptcy. In a recent article featured in the American Bankruptcy Institute Journal.