'Emoral': Third Circuit Provides Comfort to Distressed Purchasers

, New York Law Journal


In her Distress Mergers and Acquisitions column, Corinne Ball, a partner at Jones Day, writes about a recent Third Circuit decision in which the court held that prepetition personal injury claims that relied upon the "mere continuation" theory of successor liability were, in reality, causes of action that were property of the bankruptcy estate and thus eligible for settlement, release and discharge through the bankruptcy court.

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