Recognition of Nonconsensual Third-Party Releases in Ch. 15 After Purdue

Recognition of Nonconsensual Third-Party Releases in Ch. 15 After Purdue

Publication

Partners Benjamin Loveland and George Shuster authored a chapter in the October issue of The American Bankruptcy Institute Journal, where they discuss the impact of the Supreme Court's ruling in Harrington v. Purdue Pharma LP on nonconsensual third-party releases in chapter 15 cases. They examine two recent decision within this lens and the developments that could still arise from this evolving area of case law. 

Excerpt: "The U.S. Supreme Court’s decision in Harrington v. Purdue Pharma LP has, in many respects, changed the landscape for nonconsensual third-party releases in chapter 11 cases. What effect, if any, has Purdue had on the viability of such releases in chapter 15 cases? As two recent decisions suggest, perhaps not much, and those decisions provide far more flexibility for nonconsensual third-party releases in chapter 15 than the Supreme Court allows in chapter 11."

View the full article.

Notice

Unless you are an existing client, before communicating with WilmerHale by e-mail (or otherwise), please read the Disclaimer referenced by this link.(The Disclaimer is also accessible from the opening of this website). As noted therein, until you have received from us a written statement that we represent you in a particular manner (an "engagement letter") you should not send to us any confidential information about any such matter. After we have undertaken representation of you concerning a matter, you will be our client, and we may thereafter exchange confidential information freely.

Thank you for your interest in WilmerHale.