Mike Sutherland Quoted in Law360 on First Brands' Chapter 11 Plan
Mike Sutherland was quoted in Law360 on First Brands' Chapter 11 plan strategy like the one employed by Steward Health Care that aimed to pay professionals out of recoveries from future litigation.
In the article, Sutherland stated "If you're one of those who think Steward was a bridge too far, then First Brands was two bridges too far."
Sutherland said Steward's confirmation was a bigger surprise than First Brands' rejection, saying it had previously been considered "hornbook law" that involuntary deferred administrative claim payment was barred.
To read the full article, click here (subscription required).
Mike Sutherland was quoted in Law360 on First Brands' Chapter 11 plan strategy like the one employed by Steward Health Care that aimed to pay professionals out of recoveries from future litigation.
In the article, Sutherland stated "If you're one of those who think Steward was a bridge too far, then First Brands was two bridges too far."
Sutherland said Steward's confirmation was a bigger surprise than First Brands' rejection, saying it had previously been considered "hornbook law" that involuntary deferred administrative claim payment was barred.
To read the full article, click here (subscription required).