Larry Kotler of Duane Morris. Courtesy photo 'SC SJ Holdings': Plan Modification/Revocation Deadlines Are Strictly Construed and Enforced
In a recent decision in the case of SC SJ Holdings v. Pillsbury Winthrop Shaw Pittman (In re SC SJ Holdings), Civil Action No., 22-00689 (MN), the U.S. District Court for the District of Delaware (the court) affirmed a May 12, 2012, decision of the U.S. Bankruptcy Court for the District of Delaware (the Bankruptcy Court) denying the debtors' motion for relief from certain releases contained in their confirmed plan (the plan).
April 12, 2023 at 09:01 AM
6 minute read
Contributors
In a recent decision in the case of SC SJ Holdings v. Pillsbury Winthrop Shaw Pittman (In re SC SJ Holdings), Civil Action No., 22-00689 (MN), the U.S. District Court for the District of Delaware (the court) affirmed a May 12, 2012, decision of the U.S. Bankruptcy Court for the District of Delaware (the Bankruptcy Court) denying the debtors' motion for relief from certain releases contained in their confirmed plan (the plan). In particular, the debtors sought relief from the releases contained in their plan so that they could assert a malpractice claim against their former counsel. The Bankruptcy Court denied the debtors' motion on the basis that such relief violated Sections 1127 and 1144 of the Bankruptcy Code.
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