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Supreme Court’s Purdue Decision Shifts Settlement Equilibrium in Favor of Creditors Asserting Claims Against Non-Debtor Affiliates

In Harrington v. Purdue Pharma, L.P.,[1] the Supreme Court ruled that a Chapter 11 plan may not impose a non-consensual release of claims against non-debtor third parties pursuant to 11 U.S.C. § 1123(b)(6). The most significant result of the Court’s decision is the effect on negotiations in future Chapter 11 bankruptcies between creditors and affiliates
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Rabinowitz Lubetkin & Tully — and Its Three Senior Partners — Recognized Once Again by Chambers USA

Rabinowitz Lubetkin & Tully, LLC is pleased to announce that, for the 14th year in a row, the firm and its three senior attorneys have been recognized by Chambers USA in its 2024 directory as leaders in bankruptcy practice in New Jersey. Chambers USA is a leading legal directory, ranking the top lawyers and law
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New Jersey Bankruptcy Court Holds that Environmental Agency’s Attempt to Compel Debtor to Perform Remediation Violates Automatic Stay and Does Not Qualify for Exception Under 11 U.S.C. § 362(b)(4)

A New Jersey Bankruptcy Court recently held that a government environmental agency violated the automatic stay by seeking to compel a debtor to remediate an environmental violation in lieu of enforcing a claim for monetary damages.[1] Stephen Samost (the “Debtor”) held an indirect ownership interest via an LLC and its subsidiary in a lake and
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Henry Karwowski Named Adjunct Professor of the Year at Seton Hall School of Law

Henry M. Karwowski, a partner at Rabinowitz, Lubetkin & Tully, LLC, has been named “Adjunct of the Year” at Seton Hall University School of Law in Newark.  Also, separately, he was voted “Adjunct Professor of the Year” by the school’s students. Mr. Karwowski (second from left in photo) and other nominated professors from each of
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ABOUT US

Rabinowitz, Lubetkin & Tully, LLC is a six (6) lawyer firm that focuses its practice in the areas of bankruptcy, civil litigation, and commercial real estate. RLT’s attorneys are leaders in their field. Chambers USA, which lists America’s leading lawyers for business, and is a highly-respected legal directory based on in-depth interviews with in-house counsel and private practice attorneys, recently ranked RLT ahead of many larger well-respected firms. RLT was described as "deliver[ing] effective, timely and beneficial services that yielded favorable results." RLT was also noted as "hav[ing] tremendous knowledge and [the ability to] do timely and efficient work."

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(973) 597-9100

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