In re Pilgrims Pride Corp.
Jan
14
2010
Ruling
Plan ordered modified to exclude protections for third parties but retain the court's jurisdiction over suits against those third parties which would have been covered by the plan's third-party protections.
Procedural posture
Before the court was the debtors' amended joint plan of reorganization under chapter 11. Numerous parties objected to language in Articles VIII and X of the plan which purported to protect certain third parties against claims and causes of action arising from claims against them that arose prior to or during the pendency of the chapter 11 cases.
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Court
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