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Expert Analysis

3rd-Party Releases: Circuit Split Continues

Law360 (July 7, 2008, 12:00 AM EDT) -- For decades now, debtors in Chapter 11 have proposed in their Chapter 11 plans "third-party releases," whereby creditors are deemed to have released certain nondebtor parties (such as officers, directors or affiliates of the debtor) upon the confirmation and effectiveness of the plan....

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