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Third Party Releases Survive Supreme Court's Decision in Travelers Indemnity Co. v. Bailey by Cadwalader, Wickersham & Taft LLP - New York Office
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July 8, 2009
Previously published on June 25, 2009
Last week, the Supreme Court issued its decision in Travelers Indemnity Co. v. Bailey, establishing an important precedent concerning the ability of bankruptcy courts to release claims against third party non-debtors in chapter 11 plans of reorganization.
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