Jonathan Gordon

Jonathan Gordon

Latham & Watkins LLP

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Third Circuit Finds Future Royalty Obligations From Sale Transaction Dischargeable in Bankruptcy

The Third Circuit ruled that the obligations are prepetition “contingent and unliquidated” claims that can be discharged in a bankruptcy. In the chapter 11 bankruptcy of Mallinckrodt plc and certain subsidiaries (In re...more

5/9/2024  /  Asset Purchase Agreements , Chapter 11 , Commercial Bankruptcy , Dischargeable Debts , Royalties
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