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Purdue Pharma to determine whether a bankruptcy court can discharge claims against a party that ... 5 billion into the settlement funds (later negotiations increased this to $6 billion ...
Harrington v. Purdue Pharma L.P., 603 U.S. ___ (2024), is a United States Supreme Court case regarding Chapter 11 of the Bankruptcy Code. [1] The case addressed the 2022-2023 Purdue Pharma bankruptcy settlement and whether, under Chapter 11 of the Bankruptcy Code, a release extinguishing claims held by nondebtors against nondebtor third parties, without the claimants’ consent could move forward.
Purdue estimates that its bankruptcy settlement, approved by a U.S. bankruptcy judge in 2021, would provide $10 billion in value to its creditors, including state and local governments, individual ...
A bankruptcy discharge is a court order that releases an individual or business from specific debts and obligations they owe to creditors. In other words, it's a legal process that eliminates the debtor's liability to pay certain types of debts they owe before filing the bankruptcy case.
A federal bankruptcy judge has approved the terms of a $20 million settlement that will benefit former Bitwise ... said there is a cap of $15,000 for unpaid-wage claims in bankruptcy cases.
The Kawaauhaus asked the bankruptcy court to hold Geiger's settlement debts non-dischargeable, which it did. Dr. Geiger appealed to the Eighth Circuit Court, which overturned the bankruptcy court's decision, saying the Bankruptcy Code's discharge exception of debts caused through "willful and malicious injury by the debtor to another" did not ...
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