Matthew Brooks and Michael Sabino discuss how a recent Southern District decision rejected the use of implied opt-out consent for third-party releases in Chapter 11 plans, adding to ongoing ...
The proposed nonconsensual release mechanism did not allow creditors to vote on the release independently of their vote on the plan. A rejection of the plan constituted a rejection of the third-party ...
On December 1, 2025, Judge Denise Cote of the U.S. District Court for the Southern District of New York reversed confirmation of Brazilian airline Gol Linhas Aéreas Inteligentes S.A.’s chapter 11 plan ...
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