Bankruptcy, Foreclosure & Collection Law

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Third-Party Releases in Bankruptcy After the Purdue Decision

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OnDemand
58 minutes
Trev Peterson
With Trev E. Peterson from Knudsen Law Firm
Recorded November 13, 2024
Product ID 100009

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Overview

How the Decision Affects Individual Liability in Business Bankruptcy

The Supreme Court has recently rejected the Purdue Pharma reorganization plan that included controversial protections for the Sackler family. What are the broader implications of the embattled OxyContin producer's court saga for the use of third-party releases? Our esteemed faculty review the facts of the case and the language of the SCOTUS decision to put into legal context and glean insights for future defensive bankruptcy filings. Register today!

  • Clarify how this major precedent for bankruptcy law will affect your current and future cases.
  • Predict the decision's effect on non-consensual releases and revise your future plan language.
  • Determine how the ruling will affect future mass tort reorganization cases and treatment of victims.

Abbreviated Agenda

  1. The Facts of the Purdue Pharma Case
  2. The Non-Consensual Release Clause of the Bankruptcy Plan and the SCOTUS Decision
  3. What It Means for Future Bankruptcy Filings
  4. Future Mass Torts Litigation Implications

Related Topics

Product ID 100009

Credit Details

Credits Available
Credit Status Total
Alaska CLE Approved 1 Total
Alabama CLE Approved 1 Total
Arkansas CLE Approved 1 Total
Arizona CLE Approved 1 Total
California CLE Approved 1 Total
Colorado CLE Approved 1 Total
Connecticut CLE Approved 1 Total
Delaware CLE Approved 1 Total
Florida CLE Approved 1 Total
Georgia CLE Approved 1 Total
Hawaii CLE Approved 1 Total
Idaho CLE Approved 1 Total
Illinois CLE Approved 1 Total
Kansas CLE Upon Request 1 Total
Maine CLE Approved 1 Total
Minnesota CLE Approved 1 Total
Missouri CLE Approved 1.2 Total
Northern Mariana Islands CLE Approved 1 Total
Montana CLE Approved 1 Total
North Dakota CLE Upon Request 1 Total
Nebraska CLE Approved 1 Total
New Hampshire CLE Approved 1 Total
New Mexico CLE Approved 1 Total
Nevada CLE Approved 1 Total
New York CLE Approved 1 Total
Ohio CLE Approved 1 Total
Oklahoma CLE Approved 1 Total
Oregon CLE Pending 1 Total
Pennsylvania CLE Approved 1 Total
Rhode Island CLE Upon Request 1 Total
South Carolina CLE Approved 1 Total
Tennessee CLE Approved 1 Total
Utah CLE Approved 1 Total
Vermont CLE Approved 1 Total
Washington CLE Approved 1 Total
Wisconsin CLE Approved 1 Total
West Virginia CLE Approved 1.2 Total
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Agenda

All times are shown in

  1. Third-Party Releases in Bankruptcy After the Purdue Decision

    1. The Facts of the Purdue Pharma Case
    2. The Non-Consensual Release Clause of the Bankruptcy Plan and the SCOTUS Decision
    3. What It Means for Future Bankruptcy Filings
    4. Future Mass Torts Litigation Implications

Who Should Attend

This legal update is for attorneys. Directors and experienced paralegals will also benefit.

Speakers

Trev E Peterson
Trev E.
Peterson
Knudsen Law Firm
Speaker bio
Trev E Peterson

Trev E. Peterson

Knudsen Law Firm
Trev Peterson

is a partner with Knudsen Law Firm. He has more than 40 years of experience in the commercial and real estate lending, real estate, bankruptcy, foreclosure, and commercial litigation practice areas. Mr. Peterson has represented lenders in cases under Chapters 7, 11, 12, and 13 of the bankruptcy code. He is a frequent speaker at seminars involving lending, bankruptcy and foreclosure. Mr. Peterson is a member of the American, Nebraska State, and Lincoln bar associations; and the American Bankruptcy Institute. He is a fellow in the American College of Real Estate Lawyers and Litigation Counsel of America, as well as a past president of the Banking Law Section and Bankruptcy Section of the Nebraska State Bar Association. Mr. Peterson earned his B.A. degree from the University of Nebraska, Lincoln and his J.D. degree from the University of Nebraska College of Law.

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