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Expert Analysis

3rd Circ. Sheds Light On Ch. 11 Liability Release Approval

By Jane VanLare and Thomas Lynch ( January 14, 2020, 6:20 PM EST) -- On Dec. 19, the U.S. Court of Appeals for the Third Circuit issued its decision in In re Millennium Lab Holdings II LLC,[1] holding that the bankruptcy court had constitutional authority under Stern v. Marshall[2] to approve a Chapter 11 plan containing nonconsensual third-party releases....

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