Justices Could Use Purdue To Resolve Related Circuit Split

The U.S. Court of Appeals for the Second Circuit’s decision in Harrington v. Purdue Pharma LP, which held that bankruptcy courts have statutory power under the U.S. Bankruptcy Code to approve a nonconsensual release of claims against nondebtor third parties contained in a plan of reorganization, will soon be heard on appeal at the US Supreme Court.

In this Law360 article, Kelley Drye’s Benjamin Feder notes that, while it is unlikely, the Supreme Court has the opportunity to address an aspect of the Pharma decision that has caused a split between the Second and Third Circuits.

Read the full article here.