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Expert Analysis

What Purdue Ch. 11 Means For Future Of Third-Party Releases

By Gregory Hesse and Kollin Bender ( June 23, 2023, 3:51 PM EDT) -- In a highly anticipated decision issued on May 30, the U.S. Court of Appeals for the Second Circuit rendered its opinion in In re: Purdue Pharma LP, approving a Chapter 11 plan's inclusion of a nonconsensual release of creditors' direct claims against nondebtor third parties.[1]...

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