Stephen W. Sather
Barron & Newburger, P.C.
Austin, TX
ssather@bn-lawyers.com
In a blow to creative lawyering, the Supreme Court ruled today that a structured dismissal which allocates value contrary to the priority scheme of the Bankruptcy Code may not be approved. Czyzewski v. Jevic Holding Corp., No. 15-649 (U.S. 3/22/17). You can find the opinion here.