Purdue Pharma Fallout
The Purdue Pharma decision left lots of open questions about third-party releases and, as the LSTA’s Elliot Ganz explains, the courts and Congress are grappling…
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Third-Party Releases After Purdue: LSTA Webinar
The LSTA hosted a fascinating webinar addressing the fallout from the Supreme Court’s decision in Purdue Pharma prohibiting nonconsensual third-party releases.
Third Party Releases After Purdue Replay
The Supreme Court Rules in Purdue: What are the Implications For Third Party Releases in Corporate Restructurings?
Purdue Pharma: The Supreme Court Rejects Nonconsensual Third-Party Releases
The Supreme Court Ruling in Purdue Pharma that non-consensual 3rd-party releases are not authorized under the Bankruptcy Code has major implication for corporate restructurings. The…
The Supreme Court Review of the Purdue Pharma Case: Implications for Third Party Releases in Loan Workouts
The US Supreme court recently agreed to stay the Purdue Pharma bankruptcy plan and review whether its “third-party release” are permissible under the bankruptcy code.…
The Judicial Attack on Third-Party Releases (and Bankruptcy Forum Shopping?) Continues
Another important district court has invalidated a bankruptcy court’s third-party release. LSTA GC Elliot Ganz breaks down what it means for the loan market and…
LSTA Newsletter: January 7, 2022
This week we covered A Primary Year Like No Other; The Secondary 5 Percent; Purdue & Loans; LIBOR Docs & Litigation.
The Purdue Pharma District Court Decision and What May Mean for the Loan Market
By Elliot Ganz. Last week, Judge Colleen McMahon of the Southern District of New York, in a remarkable 146 page opinion, overturned the confirmation of…
Loan Market Norms: Weaponizing Bankruptcy
The deterioration of market norms has received much attention during the past year. Most recently, we wrote about how increasingly long and complex loan documentation,…
Purdue’s Poison Pill: The Breakdown of Chapter 11’s Checks and Balances
Purdue Pharma, the bankruptcy drug manufacturer at the center of the opioid crisis, entered into a controversial settlement of its civil and criminal liability for…
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