U.S. District Judge David Novak, April 30, 2019. Photo: Diego M. Radzinschi/ALM Judge's Ruling Highlights Forum Shopping Concerns in Bankruptcy Matters
"The practice of regularly approving third-party releases and the related concerns about forum shopping call into question the public confidence in the manner that these cases are being handled by the Bankruptcy Court in the Richmond Division," U.S. District Judge David Novak wrote.
January 21, 2022 at 02:39 PM
5 minute read
When U.S. District Judge David Novak, in a strongly worded opinion last week, scrapped third-party releases from a former retailer's Chapter 11 plan, he simultaneously called out another controversial feature of corporate bankruptcy law: forum shopping.
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