In Harrington v. Purdue Pharma L.P., the Supreme Court held that the Bankruptcy Code does not authorize a bankruptcy court to grant a release and injunction that extinguishes direct claims against nondebtor third parties...more
3/24/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Debtors ,
Fiduciary Duty ,
Harrington v Purdue Pharma L P ,
Injunctive Relief ,
Non-Debtors ,
Pharmaceutical Industry ,
Purdue Pharma ,
Receivership ,
Release of Claims ,
SCOTUS ,
Settlement
Previously we reported on debtors’ appeals to bankruptcy courts’ general equitable powers for assistance in weathering the COVID-19-induced economic storm. ...more
6/11/2020
/ Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Commercial Bankruptcy ,
Commercial Tenants ,
Coronavirus/COVID-19 ,
Creditors ,
Debtors ,
Financial Distress ,
Force Majeure Clause ,
Rental Property ,
Retail Market