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Official Comm. of Unsecured Creditors v. CIT Grp.Bus. Credit Inc. (In re Jevic Holding Corp.)

Official Comm. of Unsecured Creditors v. CIT Grp.Bus. Credit Inc. (In re Jevic Holding Corp.)

Ruling
Bankruptcy court was justified in authorizing structured settlement and dismissal of chapter 11 case that excluded employees with uncontested WARN Act claims.
Issue(s)
May a case arising under chapter 11 ever be resolved in a "structured dismissal" that deviates from the Bankruptcy Code's priority system?

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on May 21, 2015 , LexisNexis #0615-083