Reshapes

Supreme Court Decision Reshapes Landscape of Bankruptcy Law, Ending Non-Consensual Third-Party Releases in Chapter 11 Cases

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WASHINGTON — The U.S. Supreme Court recently delivered a landmark decision that shook the foundations of bankruptcy law, specifically addressing the contentious issue of non-consensual third-party releases. The court’s ruling in Harrington v. Purdue Pharma L.P. categorically denies the use of these releases under the U.S. Bankruptcy Code, except in asbestos-related cases. This decision not only has profound implications for future bankruptcy cases but also undermines a tool long used to settle mass tort litigations effectively. Previously regarded as an extraordinary legal maneuver, non-consensual third-party releases had become widespread in Chapter 11 bankruptcy plans, including … Read more

New EU Directive Reshapes Product Liability: Expanded Definitions and Shifted Burden of Proof Could Herald Surge in Mass Tort Claims

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London — In a recent legal analysis, Buvini Kularatne, a prominent London-based finance and restructuring partner, discussed significant updates to the European Union’s product liability laws, explaining how these changes are designed to address the complexities of modern technology, including digital services and artificial intelligence. In her article for “Global Turnaround,” Kularatne examines the EU’s new Directive on Liability for Defective Products (PLD), poised to reshape the legal landscape across Europe. The revised directive aims to modernize the existing framework to better accommodate the needs of the digital age. A particularly critical update is the … Read more

Champion of Justice: How Mike Papantonio’s Tireless Battle Against Corporate Harm Reshapes American Law

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Pensacola, Fla. — Mike Papantonio, a senior partner at the prominent law firm Levin Papantonio, has earned a reputation as a formidable advocate in the legal battle against corporate wrongdoing, securing numerous multi-million-dollar verdicts for victims nationwide. With a career that has shaped one of the largest plaintiff law firms in the U.S., Papantonio’s legal prowess and dedication have led to widespread recognition and several top industry accolades. A seasoned civil trial lawyer, Papantonio is board certified by both the Florida Bar and the National Board of Trial Advocacy. His expertise is recognized globally as … Read more

Supreme Court Reshapes Future of Bankruptcy Practices with Landmark Ruling on Non-Debtor Releases

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Washington, D.C. – In a landmark decision, the Supreme Court has established a significant precedent regarding the scope of bankruptcy protections, particularly impacting the release of non-debtors without the explicit consent of claimants. The ruling could reshape many aspects of Chapter 11 bankruptcy proceedings and has broad implications for future cases involving mass tort litigation. The majority, a five-justice panel, contended against the minority of four justices, focusing on whether it is proper to grant releases to non-debtors who haven’t sought creditor approval. Historically, bankruptcy discharge—that is, the release from obligation to pay—has been reserved … Read more