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§ 524(e)

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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Commercial opinion summary, case decided on January 14, 2010 , LexisNexis #0210-057
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United States Fire Ins. Co. v. Weishorn

Oct
14
2009
Ruling
Insurer of debtor's subcontractor did not have standing to contest motion to lift stay for action based on worker's injuries.
Procedural posture

Appellant insurer challenged the bankruptcy court's ruling that the insurer did not have standing to contest appellee worker's motion to lift stay, and the court's order lifting stay and modifying the injunction that was barring the worker's separate superior court claim.

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Commercial opinion summary, case decided on October 14, 2009 , LexisNexis #1209-013
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Murphy v. Weathers

Sep
25
2008
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
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In re Wool Growers Cent. Storage Co.

Jul
19
2007
Ruling
Plan confirmation denied due to non-consnsual release of debtor's directors from liablity to creditors in exchange for contributions.
Procedural posture

A corporate bankruptcy debtor's chapter 11 reorganization plan provided that, in exchange for a contribution of funds by the debtor's directors, claims of creditors against the directors, both individually and as board members, were released. Certain unsecured creditors objected to confirmation of the plan on the ground that the release was improper.

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opinion summary, case decided on July 19, 2007 , LexisNexis #0907-007
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