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Gatekeeping Provisions In Chapter 11 Plans May Provide An Alternative To Nonconsensual Nondebtor Releases - Insolvency/Bankruptcy

Where broad nonconsensual nondebtor releases are unavailable, the Fifth Circuit has endorsed gatekeeping provisions and injunctions to protect certain nondebtor plan participants from post-confirmation litigation. ....

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Gatekeeping Provisions in Chapter 11 Plans May Be Alternative to Nonconsensual Nondebtor Releases | Pillsbury Winthrop Shaw Pittman LLP

Nonconsensual nondebtor releases have been a key reason businesses facing mass tort claims have filed for bankruptcy. They hope chapter 11 will result in a faster, less expensive. ....

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