Article
Southern District Of Texas Clarifies Post-Purdue Course For Consensual Third-Party Releases And Gatekeeping Provisions
The Southern District of Texas addresses critical questions left open by the Supreme Court's Purdue decision regarding consensual third-party releases in bankruptcy plans. The court establishes when opt-out mechanisms suffice for creditor consent and clarifies the permissible scope of gatekeeping provisions that restrict litigation against non-debtor parties in Chapter 11 reorganizations.
Jones Day
