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US Supreme Court gives standing to insurers in Chapter 11 bankruptcy proceedings

Opinion has potential implications for a broader set of parties with potential liabilities affected by a Chapter 11 process. In Truck Ins. Exch. v. Kaiser Gypsum Co., Inc., No. 22-1079, 2024 U.S. LEXIS 2483 (June 6,...more

Fifth circuit confirms narrow scope of exculpation provisions in chapter 11 plans

In sophisticated chapter 11 cases, chapter 11 plans of reorganization frequently include provisions that exculpate – or limit the potential liability of ‒ parties that participate in the chapter 11 process for any...more

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