Ninth Circuit-Confirmed Plans with Third-Party Releases

Ninth Circuit-Confirmed Plans with Third-Party Releases

This panel identifies recent examples of chapter 11 plans confirmed within the Ninth Circuit that contained third-party releases despite longstanding precedent in the Ninth Circuit prohibiting those releases outside of the asbestos context. The panelists also will describe the types of releases confirmed, as well as how the plan proponents were able to include the releases.

2022 Southwest Bankruptcy Conference
2022
Bankruptcy Code: 
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