Article III courts continue to review liability management transactions and prepackaged Chapter 11 plans to establish the boundaries of what bankruptcy courts may impose upon creditors who do not affirmatively
Recent Decisions On Third-Party Releases and Gatekeeper Injunctions
These decisions continue the Article III judiciary’s effort to calibrate the proper scope of bankruptcy court power in cases involving sophisticated parties and prepackaged plans, dispensing with equitable mootness and ruling on the merits of appeals.

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