Forum
U.S. Supreme Court
Case Status
Docket Number
Term
2023 Term
Oral Argument Date
December 04, 2023
Lower Court Opinion
Questions Presented
Whether the Bankruptcy Code authorizes a court to approve, as part of a plan of reorganization under Chapter 11 of the Bankruptcy Code, a release that extinguishes claims held by nondebtors against nondebtor third parties, without the claimants’ consent.
Case Updates
Supreme Court holds that outside the asbestos context, the Bankruptcy Code does not authorize courts to approve Chapter 11 reorganizations of bankrupt debtors that include nonconsensual releases of nondebtors’ claims against nondebtors
June 27, 2024
U.S. Chamber files coalition amicus brief urging U.S. Supreme Court to recognize discretion of bankruptcy courts to issue third-party releases in appropriate cases
October 27, 2023
U.S. Chamber Coalition Amicus Brief
Robert E. Dunn of Eimer Stahl LLP and the U.S. Chamber’s Litigation Center served as co-counsel for the U.S. Chamber.