On March 21, 2025, the U.S. District Court for the Northern District of California affirmed a bankruptcy court’s dismissal of the San Benito Healthcare District’s chapter 9 bankruptcy petition on the grounds that the...more
On March 18, 2025, the United States Court of Appeals for the Fifth Circuit held in In re Highland Capital Mgmt., L.P., that a plan’s gatekeeping and injunction provisions could not extend to claims against most non-debtors...more
3/31/2025
/ Appeals ,
Bankruptcy Code ,
Bankruptcy Court ,
Bankruptcy Plans ,
Chapter 11 ,
Debt Restructuring ,
Debtors ,
Harrington v Purdue Pharma L P ,
Injunctions ,
Liability ,
Non-Debtors ,
Third-Party Release Agrements
On August 9, 2019, in a unanimous decision (written by a former bankruptcy judge), the Eighth Circuit Court of Appeals affirmed the confirmation of the Peabody Energy Chapter 11 plan (“Plan”) with a prominent backstopped...more
9/11/2019
/ Adversary Proceedings ,
Appeals ,
Backstop Agreements ,
Bankruptcy Code ,
Bankruptcy Court ,
Chapter 11 ,
Coal Industry ,
Commercial Bankruptcy ,
Debt Restructuring ,
Debtors ,
Energy Sector ,
Equitable Mootness ,
Good Faith ,
Judgment on the Merits ,
Offerings ,
Peabody Energy ,
Preferred Shares ,
Private Placements ,
Pro Rata Allocation Rule ,
Reorganizations ,
Sales of Securities ,
Secured Debt ,
Securities Regulation ,
Unsecured Debt