Consent Orders Strictly Enforced in the Fifth Circuit, Even if the Result Is Unreasonable
Although averse to third-party releases in chapter 11 plans, the Fifth Circuit will allow bankruptcy courts to enforce releases given by one third party to another.
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Case Details
Case Citation
VSP Labs Inc. v. Hillair Capital Investments LP (In re PFO Global Inc.), 20-10885 (5th Cir. Feb. 9, 2022)
Case Name
VSP Labs Inc. v. Hillair Capital Investments LP (In re PFO Global Inc.)
Case Type
Business