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Second Circuit Picks a Side in Non-consensual Third-party Releases in Highly Anticipated Purdue Opinion

Non-consensual third-party releases are provisions in reorganization plans that release non-debtor parties from liability to other non-debtor parties without the consent of all potential claimholders. These releases are...more

Ninth Circuit Rules that the Solvent Debtor Exception Is Alive and Well in PG&E

The common law solvent debtor exception, in short, means that a solvent debtor must generally pay post-petition interest accruing during bankruptcy at the contractual or state law rates before collecting surplus value from...more

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