News & Analysis as of November 8, 2024

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Purdue Pharma Plan Blocked, Supreme Court Bars Third-Party Releases in Bankruptcy

Nelson Mullins Riley & Scarborough LLP on 7/1/2024

A sharply divided U.S. Supreme Court has barred the issuance of non-consensual third-party releases in Chapter 11 Plans. In a 5-4 decision, the court held that “the bankruptcy code does not authorize a release and injunction...more

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Reorganizations › Purdue Pharma › Manufacturers

Purdue Pharma Plan Blocked, Supreme Court Bars Third-Party Releases in Bankruptcy

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