Restaurants Unlimited's Ch. 11 Plan OK'd With Caveat

Law360, Wilmington, Del. (February 25, 2020, 4:10 PM EST) -- Bankrupt dining chain owner Restaurants Unlimited Inc. received court approval Tuesday in Delaware for its Chapter 11 plan, but not before a bankruptcy judge granted a request from a federal watchdog to rein in the scope of the plan's exculpation provisions.

During a hearing in Wilmington, U.S. Bankruptcy Judge John T. Dorsey said he was in agreement with the Office of the U.S. Trustee that RUI was seeking to extend the exculpation protection of the Bankruptcy Code to too many individuals and entities and for actions taken before the Chapter 11 case was filed.

"I'm not prepared to extend exculpation beyond...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!