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Murphy v. Weathers

Murphy v. Weathers

Ruling
Debtor's former CEO's objection to exculpation and indemnification provisions of chapter 11 plan properly overruled.
Procedural posture

Appellant, the former chief executive of the debtor, challenged an order of the United States Bankruptcy Court for the Middle District of Georgia, that overruled his objections to confirmation of the Chapter 11 plan filed by the Official Committee of Unsecured Creditors, that included exculpation and indemnification provisions.

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Consumer opinion summary, case decided on September 25, 2008 , LexisNexis #1008-119