Rochelle's Daily Wire

ABI Exclusive

Fifth Circuit Permits Gatekeeping to Serve the Function of Third-Party Releases

Adhering to the categorial prohibition of nondebtor third-party releases, the Fifth Circuit now allows a workaround to protect principal participants in chapter 11 cases.

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Opinion Link

Case Details

Case Citation

NexPoint Advisors LP v. Highland Capital Management LP (In re Highland Capital Management LP), 21-10449 (5th Cir. Aug. 19, 2022)

Case Name

NexPoint Advisors LP v. Highland Capital Management LP (In re Highland Capital Management LP)

Case Type

Business
Court