The Supreme Court’s 2024 Purdue decision1 held that the Bankruptcy Code does not authorize a release and injunction under a Chapter 11 plan of claims against a non-debtor, even if they relate to claims against or by the...more
1/7/2025
/ Bankruptcy Code ,
Bankruptcy Court ,
Buyback Litigation ,
Chapter 11 ,
Commercial Bankruptcy ,
Corporate Governance ,
Corporate Restructuring ,
Creditors ,
Debtors ,
Harrington v Purdue Pharma L P ,
Insurance Industry ,
Mass Tort Litigation ,
Purdue Pharma ,
SCOTUS
The U.S. Bankruptcy Court for the Southern District of New York (SDNY) has issued a general order amending its Local Bankruptcy Rules. The amendments introduce a broad set of changes that will impact all types of bankruptcy...more
11/26/2024
/ Amended Rules ,
Artificial Intelligence ,
Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Corporate Governance ,
Corporate Restructuring ,
Debtors ,
New York ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements
On May 31, 2024, the chief judge of the U.S. Bankruptcy Court for the Southern District of New York (SDNY) entered General Order M-634, adopting guidelines for combining the processes for Chapter 11 plan confirmation under...more
Rights offerings have become a key tool for companies in Chapter 11. They can address liquidity needs, help demonstrate plan feasibility and facilitate plan negotiations.
Rights offerings, however, may also serve as...more