US Trustee Blasts 'Broad' Releases In Tuscany's Ch. 11 Plan
In a motion before the Delaware bankruptcy court, U.S. Trustee Roberta A. DeAngelis contended that the oil drilling support services company’s plan includes a swath of so-called nonconsensual third-party releases, which could shield nondebtor affiliates from certain liabilities.
The bankruptcy watchdog...
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