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Attorney panel scrutinizes proposed legislation that would ban divisional merger bankruptcies

While legislation is pending in Congress that would require the dismissal of Chapter 11 bankruptcy cases in which the debtor has created a divisional merger, federal appeals court judges in Philadelphia heard arguments this week about whether Johnson & Johnson’s bankruptcy case was filed in good faith.
United States New Jersey Donald Kochan Samir Parikh Michaelb Kaplan David Skeel

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