Business Reorganization

District Court Upholds the ‘Time Approach’ to Reduce Landlords’ Claims

Across the board, the district court affirmed a decision by Bankruptcy Judge Michael Wiles that minimized landlords’ claims resulting from lease termination or rejection.

How to Reorganize Mass Torts Without Third Party Releases

After the Supreme Court's reversal in Purdue, Debtors subject to mass tort liability will not be able to reorganize utilizing third party releases under a plan. Prior to Purdue, the Fifth, Ninth, and Tenth Circuits all prohibited third party releases but debtor subject to mass tort liability have nonetheless been able to reorganize. How did those debtors confirm their plans without third party releases? How will mass tort reorganization different after Purdue? Business Suggested Speakers John Lucas jlucas@pszjlaw.com Pachulski Stang Ziehl & Jones LLP

Claims Reconciliation

The Bankruptcy Code and Non-Bankruptcy law preserve or limit claims at the outset of the case and after confirmation of a plan during the claim reconciliation process. For example, claims arising from the purchase of perishable fruits and vegetables are accorded certain treatment in a bankruptcy case under the Perishable Agricultural Commodities Act or claims governed by applicable sales tax statutes. Claims arising from employees are given priority (but capped) and claims arising from the rejection of a real property lease or employment contract are capped. This panel will consider the claim reconciliation process during a bankruptcy case and the the Bankruptcy Code and Non-Bankruptcy law affect those claims. Business John Lucas jlucas@pszjlaw.com Pachulski Stang Ziehl & Jones