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Expert Analysis

The 3rd-Party Bankruptcy Release Landscape After Purdue

By Andrew Gallo and David Shim ( November 6, 2024, 4:38 PM EST) -- In Harrington v. Purdue Pharma LP, the U. S. Supreme Court held that Section 1123(b)(6) of the Bankruptcy Code, which permits a bankruptcy plan to include provisions not inconsistent with the code, generally prohibits third-party releases that discharge claims against nondebtors without the consent of affected claimants. [1]. . .

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