The Court rejected nonconsensual third-party releases. The holding did not prohibit consensual releases.
The bankruptcy code does not authorize a release and injunction that, as part of a plan of reorganization under chapter 11, effectively seeks to discharge claims against a nondebtor without the consent of affected claimants.
Syllabus
The Court rejected nonconsensual third-party releases. The holding did not prohibit consensual releases.