Joshua Gross

Jul 10, 2024 | jdsupra.com | Louis S. Chiappetta |Tyler Ferguson |Joshua Gross

They say every man needs protection, they say that every man must fall.1For over 40 years, “the bankruptcy community has recognized the resolution of mass tort claims as a widely accepted core function of bankruptcy courts,” and a “key feature in every mass tort bankruptcy” has been the non-debtor release.2These releases are granted in favor of parties that have not filed their own bankruptcies (e.g., directors, officers, shareholders, and affiliates of bankrupt companies).

Jul 10, 2024 | mondaq.com | Louis S. Chiappetta |Tyler Ferguson |Devi Shah |Joshua Gross

They say every man needs protection, they say that every man must fall.1 For over 40 years, "the bankruptcy community has recognized the resolution of mass tort claims as a widely accepted core function of bankruptcy courts," and a "key feature in every mass tort bankruptcy" has been the non-debtor release.2 These releases are granted in favor of parties that have not filed their own bankruptcies (e.g., directors, officers, shareholders, and affiliates of bankrupt companies).