High Court Ruling In Jevic Likely To Be Narrow

By Cathleen Moore and James Thurman, Bradley Arant Boult Cummings LLP (December 16, 2016, 2:57 PM EST) -- Cathleen C. Moore

James W. Thurman On Dec. 7, 2016, the U.S. Supreme Court heard oral arguments in Czyzewski v. Jevic Holding Corp, No. 15-659. (S. Ct. argued Dec. 7, 2016).[1] The truckers in Jevic are priority claimants seeking reversal of a Third Circuit ruling that approved a settlement resulting in a structured dismissal of a Chapter 11 case that provided for, among other things, distribution of estate assets contrary to the Bankruptcy Code's priority scheme.[2] The court's vigorous and pointed questioning of the litigants indicates the magnitude of Jevic's significance in the bankruptcy world. The crucial issue in Jevic is...

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