Baird Holm’s Creditors’ Rights Team Obtains a Favorable Decision from the New York Bankruptcy Court

Baird Holm’s Creditors’ Rights team, led by partner Jeremy Hollembeak, obtained a favorable decision from the New York Bankruptcy Court last week. The Court held that litigation brought by the firm’s client against a non-debtor party that sold it bankruptcy claims under false pretenses was not barred by a previously confirmed Chapter 11 plan and would be allowed to proceed in state court.

The decision, linked here, is a must-read for those staying current on the evolving scope of exculpation provisions and third-party releases permitted in Chapter 11.