September 17, 2023 | New York Law Journal
Purdue Pharma: Will the Sacklers Get Sacked? Supreme Court Stays Effectiveness of Plan of ReorganizationOn Aug. 10, 2023, the U.S. Supreme Court stayed a decision of the U.S. Court of Appeals for the Second Circuit that held that nonconsensual third-party releases of direct claims against nondebtors are statutorily permitted under sections 105(a) and 1123(b)(6) of the Bankruptcy Code and that the court's case law allows for nonconsensual third-party claim releases in specific circumstances.
By Robert W. Dremluk
8 minute read
September 17, 2021 | New York Law Journal
Shining a Light on Structured DismissalsThis article provides a discussion of the June 9, 2021 decision 'In re KG Winddown,' where U.S. Bankruptcy Judge Martin Glenn clarified some unresolved issues about structured dismissals in Chapter 11 bankruptcy cases that stemmed from the 2017 U.S. Supreme Court decision in 'Czyewski v. Jevic Holding.'
By Robert W. Dremluk
7 minute read
June 05, 2020 | New York Law Journal
The Small Business Reorganization Act of 2019: Subchapter VThe general purpose of Subchapter V was to streamline the Chapter 11 bankruptcy process for small businesses and individuals engaged in business to administer their bankruptcy estate in an efficient and less costly manner.
By Robert W. Dremluk
9 minute read
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