ACC Georgia "Non-Debtor Releases in Bankruptcy"

In June 2024, the Supreme Court issued a significant ruling in Harrington v. Purdue Pharma, limiting the use of non-debtor releases in Chapter 11 Plans of Reorganization. The Court found that such releases lacked a legal basis within the Bankruptcy Code but allowed for voluntary consent to release non-debtors from pre-bankruptcy claims, though it provided little guidance on what constitutes valid "consent."

Since then, bankruptcy courts have reached differing conclusions on how to interpret "consent," leaving the future of non-debtor releases uncertain. This presentation will discuss the current state of the law, provide guidance on navigating these issues, and offer insights into where the law is likely headed.

Key Takeaways for Attendees:

1. Impact of Harrington v. Purdue Pharma: Understand the Supreme Court’s decision and its effect on Chapter 11 reorganizations.
   
2. Navigating Consent: Learn how courts are interpreting "consent" in non-debtor releases.
   
3. Future Outlook: Gain insights into how the law may evolve in the coming years.
   
4. Practical Guidance: Discover strategies for managing the evolving landscape of non-debtor releases.
   

CLE credit will be applied for.