• Third Party Releases Survive Supreme Court's Decision in Travelers Indemnity Co. v. Bailey
  • July 8, 2009
  • Law Firm: Cadwalader, Wickersham & Taft LLP - New York Office
  • 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.