Blog

Answering the Supreme Court's question Re: Purdue Pharma

You may have seen in the news today that the Supreme Court blocked the Purdue Pharma settlement: CNN.

I looked up the court order, which contains what the Court would like to hear:

The parties are directed to brief and argue the following question: Whether the Bankruptcy Code authorizes a court to approve, as part of a plan of reorganization under Chapter 11 of the Bankruptcy Code, a release that extinguishes claims held by nondebtors against nondebtor third parties,without the claimants' consent.

So I asked the question at my company's bankruptcy-trained AI, ChatLaw, and got the following answer. (Which …