Bankruptcy & Restructuring News Headlines for Friday Dec 31, 2021

Here's what we are reading this morning:

In Vacating Purdue Pharma’s Confirmation Order, the District Court Determines that the Plan’s Nonconsensual Third-Party Releases Are Not Statutorily Authorized - Weil Restructuring: Encapsulating the current zeitgeist on nonconsensual third-party releases is the 142-page decision and order recently issued by Judge Colleen McMahon of the Southern District of New York, which vacated on appeal Purdue’s much-publicized confirmation order.

Aliera Seeks to Toss Involuntary Bankruptcy, Move Case to Georgia: The Aliera Companies Inc. asked a Delaware bankruptcy court to toss an involuntary Chapter 11 petition that members of an associated Christian health-care cost-sharing service filed against the company.

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