The Future of Opt-Out Mechanisms for Third-Party Releases in Chapter 11 Bankruptcy Proceedings
Mar 28, 2025
Alexa Masseur
On June 27, 2024, the Supreme Court handed down an opinion for the case Harrington v. Purdue Pharma LP (“Harrington”), addressing whether a non-consensual third-party release as part of a Chapter 11 restructuring plan violated the U.S. Bankruptcy Code (“the Code”).