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Herbert Smith Freehills Kramer

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Ninth Circuit Permits Exculpation in Chapter 11 Plan, Distinguishing Earlier Precedent Barring Nonconsensual Nondebtor Releases

The Ninth Circuit, in Blixseth v. Credit Suisse, 961 F.3d 1074, 1078 (9th Cir. 2020), issued a significant decision on the issue of whether nonconsensual third-party releases are ever permitted in Chapter 11 plans....more

9/21/2020  /  Chapter 11 , Commercial Bankruptcy , Creditors , Debtors , Non-Consensual Rights , Third-Party Release Agrements
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