Rochelle's Daily Wire

ABI Exclusive

Curing Defaults Isn’t Always Required Before Selling a Contract, Third Circuit Says

The ‘Countryman’ definition of an executory contract allows a debtor sell a contract without curing a default if the non-debtor counterparty has no further material, unperformed obligations.

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Opinion Link

Case Details

Case Citation

Cohen v. Spyglass Media Group LLC (In re Weinstein Company Holdings LLC), 20-1750 (3d Cir. May 21, 2021)

Case Name

Cohen v. Spyglass Media Group LLC (In re Weinstein Company Holdings LLC)

Case Type

Business
Court