Examine Your Options For Examiners: The Leverage May Be Greater Than You Think
Since the United States Court of Appeals for the Third Circuit entered its decision in In re FTX Trading Ltd, 91 F.4th 148 (3d Cir. 2024), much has been written about the appointment of an examiner. Lauren M. Wagner may have captured the essence of FTX best in the...
No More Drawing Outside the Lines: U.S. Supreme Court’s Purdue Pharma Decision Constrains Chapter 11 Bankruptcies
n June 27, 2024, the U.S. Supreme Court released its highly anticipated opinion in Harrington v. Purdue Pharma L.P., Case No. 23-124 (“Purdue”). The question before the Court was whether the bankruptcy code lets a court approve, as part of a chapter 11 plan, a release...
A Horrow Show of a Settlement
In Gotham, there was a dilapidated amusement park, the “Gotham Playland”. You know the kind. Kiddie rides that had not been updated since they were installed in 1985. Concession stands where the paint on the counters was so worn, you can see where people rested their...
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