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: 
May a case arising under chapter 11 ever be resolved in a "structured dismissal" that deviates from the Bankruptcy Code's priority system?
ABI Membership is required to access the full summary of Official Comm. of Unsecured Creditors v. CIT Grp.Bus. Credit Inc. (In re Jevic Holding Corp.). Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on May 21,2015, LexisNexis #0615-083