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Ted Fates spoke at a webinar hosted by the National Association of Federal Equity Receivers (NAFER) and discussed the effect of Bar Orders in Federal Equity Receiverships in light of the Supreme Court ruling in Harrington v. Purdue Pharma L.P. In Harrington v. Purdue Pharma L.P., the Supreme Court held specifically that the Bankruptcy Code does not authorize a bankruptcy court to grant a release and injunction that extinguishes direct claims against nondebtor third parties (i.e. bar orders) without the claimants’ consent. The Panel discussed what this might mean outside the bankruptcy context and inside Federal Equity Receiverships in the future, including the various court rulings since Purdue Pharma and what they might mean for the future of bar orders.
For more information, go to the NAFER website.
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