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TerraLex Presents: Where has the Pendulum Landed - The Third-Party Release Before and After Purdue - July 24, 2024

TerraLex Presents: Where has the Pendulum Landed - The Third-Party Release Before and After Purdue - July 24, 2024

Chapter 11 has always offered an effective platform for companies seeking to aggregate and resolve large-scale, complex litigation as against both debtor and non-debtor parties. While the Bankruptcy Code, in the case of a reorganization, expressly calls for the broad discharge of claims against the debtor entity, there is no specific parallel in the Code that broadly authorizes a release of non-debtor third parties except in the case of asbestos related tort claims.

Originally thrust into the judicial spotlight in the early 2000s following the wave of corporate securities scandals like Enron, the third-party release controversy has recently reached new heights in the wake of high profile opioid related pharmaceutical company bankruptcies including Purdue Pharma, Mallinckrodt, and other mass tort cases. This webinar from Jeffrey Prol and Nicole Fulfree will offer attendees background on how courts across the country are viewing third-party releases (both consensual and nonconsensual), practical guidance on the state of play in key jurisdictions and the issues on which judges are most focused, reactions to the Supreme Court’s decision, and insight into where third-party releases are headed post-Purdue.

Online Instructions: Click here to register

TerraLex Presents: Where has the Pendulum Landed - The Third-Party Release Before and After Purdue - July 24, 2024

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