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Jevic Workers Say Supreme Court Ruling Bars Ch. 11 Deal

Law360 (May 14, 2018, 10:27 PM EDT) -- Attorneys for workers whose bankruptcy appeal led to a U.S. Supreme Court ruling last year that narrowed the use of Chapter 11 structured settlement dismissals told a Delaware judge Monday the high court ruling nullified a deal that company lenders now want to reassert.

Craig Goldblatt of WilmerHale, counsel to the workers, told Judge Brendan L. Shannon that CIT Group Inc. and private equity firm Sun Capital Partners Inc. lost their chance to revise a 2012 structured settlement in order to pay Jevic Holding Corp. workers...
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