Consensual Third-Party Releases
Jordana L. Renert and Eric Chafetz, partners in the firm’s Bankruptcy & Restructuring Department, discuss consensual third-party releases and a recently adopted alternative framework for approval of such releases under Section 1141(a) of the Bankruptcy Code. This discussion is a follow-up to last month’s video from Andrew Behlmann, in which he explained non-consensual third-party releases and a recent decision in the Purdue Pharma Chapter 11 case.