Ebix Opt-Out Releases Illegal In Ch. 11 Plan, Judge Rules

By Alex Wittenberg · August 2, 2024, 6:55 PM EDT

A Texas bankruptcy judge ruled Friday that third-party releases contained in Ebix Inc.'s Chapter 11 plan are impermissible, deciding an opt-out provision of the liability waivers wasn't enough to establish consent....

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Case Information

Case Title

Ebix, Inc.

Case Number

8:23-bk-80004

Court

Texas Northern

Nature of Suit

Date Filed

December 17, 2023