5th Circ. Ruling Highlights Split On Ch. 11 Exculpation

By Evan Hollander, Daniel Rubens and David Litterine-Kaufman (August 31, 2022, 1:48 PM EDT) -- In the latest development in the extensive litigation arising from the bankruptcy of Highland Capital Management LP, the U.S. Court of Appeals for the Fifth Circuit recently imposed strict limitations on bankruptcy courts' statutory authority to exculpate third parties from claims relating to their roles in the bankruptcy proceedings.[1]...

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