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
On January 22, 2024, the chief judge of the U.S. Bankruptcy Court for the Southern District of New York entered General Order M-621Â adopting amended procedural guidelines governing prepackaged Chapter 11 cases....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