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High Court Narrows Use Of Structured Dismissals In Ch. 11

By Alex Wolf ( March 22, 2017, 10:36 AM EDT) -- The U. S. Supreme Court ruled Wednesday that the use of so-called structured dismissals to end Chapter 11 cases must be narrowed, holding that a settlement that effectively wiped out employee claims against a trucking company but paid more junior creditors impermissibly sidestepped the U. S. Bankruptcy Code's creditor priority. . . .

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