Estimating the Value of Causes of Action for Purposes of Plan Releases in Chapter 11 Plan- Support Agreements

This panel discusses valuing releases granted to third parties in both the chapter 11 plan context and in the context of restructuring support agreements. Our discussion looks at both the legal standard necessary to obtain approval of the releases, the means and methods by which restructuring professionals can and should value those releases, and best practices for determining whether or not the value of the releases supports the causes of action that will be waived.