New York Law Journal: Navigating the Conflicting Views on Third-Party Releases in Bankruptcy Restructuring Plans, Part I
May 26, 2022
O’Melveny partner John Rapisardi, chair of the firm’s Global Restructuring Practice, and counsel Jacob Beiswenger co-authored this article examining the role of third-party releases in successful Chapter 11 reorganizations. The article addresses “the factors considered in each Circuit where such releases have been deemed permissible within the confines of the Bankruptcy Code,” evaluates “several recent cases highlighting the uncertainty created by the current Circuit split,” and considers “options for creating a clear, nationwide standard.”
Read the full article here.