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Expert Analysis

3rd Circ. Clarifies Ch. 11 3rd-Party Liability Scope Post-Purdue

By Justin DeCamp, Julie Kapoor and Matt Marchello ( September 26, 2025, 2:07 PM EDT) -- On Sept. 10, in In re: Whittaker Clark & Daniels, the U.S. Court of Appeals for the Third Circuit affirmed a finding that claims by tort plaintiffs under a successor liability theory against the purchaser of a debtor's business belong to the debtor's estate in bankruptcy....

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