Lawyers React To High Court's Limiting Of Debt Plan Appeals

Law360, New York (May 4, 2015, 7:46 PM EDT) -- The U.S. Supreme Court on Monday ruled that corporations and individuals do not have an absolute right to immediately appeal the rejection of a bankruptcy plan. Here, attorneys tell Law360 why the decision is significant. 

Douglas Bartner, Shearman & Sterling LLP

"At the risk of oversimplifying, you might think of a plan as a settlement proposal made by one constituent to other parties in the case. If that settlement does not satisfy the legal standards for confirmation — because it cannot be crammed down on an objecting class or otherwise — then the settlement negotiations must continue. In that sense, there...

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