Speedy Class Cert. Rejected In Patriot National Ch. 11

Law360 (March 8, 2018, 9:40 PM EST) -- A Delaware bankruptcy judge rejected a request Thursday for a short-notice hearing on certification of a shareholder claim class in Patriot National Inc.’s Chapter 11, saying the issue was complex and the risks from following regular timetables were limited.

Judge Kevin Gross nixed the proposal over objections from prospective class attorneys that their clients could lose opportunities to refuse liability releases Patriot National would seek from those who vote for the plan.

The court has already imposed a 90-day freeze on direct and derivative litigation involving...
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