About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

66 Wm. & Mary L. Rev. Online 1 (2024)

handle is hein.journals/willmaon66 and id is 1 raw text is: William & Mary Law Review Online VOLUME 66 No. 1, 2024 THE SUPREME COURT SACK[LER]S THIRD-PARTY RELEASES IN CHAPTER 11: SHOULD CONGRESS SEIZE THE CUDGEL? LAWRENCE PONOROFF* TABLE OF CONTENTS INTRODUCTION ........................................ 3 I.BACKGROUND ........................................ 5 A. Manville and § 524(g) ............................. 5 B. Lead-Up to Purdue Pharma ........................ 8 C. Proceedings Below in Purdue Pharma ................ 9 D. But Wait, There's More! ......................... 13 II. RESPONSE TO PURDUE PHARMA? ....................... 14 A. Do Nothing ................................... 14 B. Expand the Authority of the Bankruptcy Courts Under 524(g) .................................. 19 III. PROPOSALS TO AMEND THE CODE ...................... 22 IV. OTHER ALTERNATIVES............................... 29 A. Consensual Releases and Full-Pay Plans .............. 29 B. Opt-Out ..................................... 30 * Dean Emeritus and Mitchell Franklin Professor Emeritus, Tulane Law School and Professor of Legal Practice, Wilmington University School of Law. 1

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most