Fifth Circuit Permits Gatekeeping to Serve the Function of Third-Party Releases

August 24, 2022

Fifth Circuit Permits Gatekeeping to Serve the Function of Third-Party Releases

Adhering to the categorial prohibition of nondebtor third-party releases, the Fifth Circuit now allows a workaround to protect principal participants in chapter 11 cases.

Lorem ipsum dolor sit amet consectetur, adipisicing elit. Soluta dolorem consequuntur corporis pariatur rem aliquam similique animi fugiat iure explicabo eius omnis minima labore natus, repellat aut odio fuga vero. Lorem ipsum dolor sit amet consectetur, adipisicing elit. Soluta dolorem consequuntur corporis pariatur rem aliquam similique animi fugiat iure explicabo eius omnis minima labore natus, repellat aut odio fuga vero.

Lorem ipsum dolor sit amet consectetur, adipisicing elit. Soluta dolorem consequuntur corporis pariatur remaliquam similique animi fugiat iure explicabo eius omnis minima labore natus, repellat aut odio fuga vero. Lorem ipsum dolor sit amet consectetur, adipisicing elit. Soluta dolorem consequuntur corporis pariatur remaliquam similique animi fugiat iure explicabo eius omnis minima labore natus, repellat aut odio fuga vero.

ABI MEMBERS ONLY

ABI Membership is required to access the full summary. Please Sign in using your ABI Member credentials.

Not a Member yet? Try Us Out!

Sign up to receive Rochelle's Daily Wire and try out our membership for 30 days. When you do — you'll see why our members "Think ABI First."

Learn More

Opinion Link

View Opinion

https://abi-opinions.s3.amazonaws.com/Highland+Capital+5+Cir.pdf

Case Details

Case Citation

NexPoint Advisors LP v. Highland Capital Management LP (In re Highland Capital Management LP), 21-10449 (5th Cir. Aug. 19, 2022)

Case Name

NexPoint Advisors LP v. Highland Capital Management LP (In re Highland Capital Management LP)

Case Type

Business

Court

5th Circuit

Bankruptcy Tags

Plan Confirmation

Business Reorganization