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Spirit Airlines Judge Says Opt-Out Releases Well Explained

By Emlyn Cameron ( March 11, 2025, 6:55 PM EDT) -- A New York bankruptcy judge explained his February decision to approve third-party releases in budget air carrier Spirit Airlines' Chapter 11 plan, saying an opt-out mechanism of the releases is enough to establish the consent of creditors, given how thoroughly the process was discussed and the number of people who did opt out....

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