Again and again, disputes that involve plan releases revolve around whether, and in what situations, third-party releases in plans are suitable. The fairly unique question of whether releases in a confirmed plan are binding upon post-confirmation purchasers of the debtor’s stock was recently addressed by the Third Circuit Court of Appeals. This white paper reviews the background of the case and the Third Circuit’s decision.
Mark Salzberg is a partner in the Washington DC office and a member of the firm’s Restructuring & Insolvency practice group. He focuses his practice on bankruptcy litigation, creditors’ rights, debtor reorganizations and complex commercial litigation. Mark has extensive experience representing debtors, creditors’ committees, financial institutions, secured and unsecured creditors, franchisors and distributors in bankruptcy matters throughout the United States.
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