Jonathan Massey and Matthew Collette file brief in Supreme Court on behalf of bankruptcy experts addressing the Bankruptcy Code’s “party in interest” rule
Massey & Gail’s amicus curiae brief urges the Supreme Court to hold that insurers with no economic stake in the case are not “parties in interest” entitled to challenge a bankruptcy settlement. The brief contends that granting party-in-interest status to the insurer in the “insurance neutral” bankruptcy settlement would disserve the bankruptcy system and delay bankruptcy settlements. Read more about the matter here.