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Asset Distribution Does Not Moot Appeal (access required)

Although debtor foundation says this appeal is equitably moot as debtor has consummated its confirmed reorganization plan by distributing $20 million in estate assets, the 4th Circuit vacates the lower court order confirming the Chapter 11 plan that approved nondebtor release, injunction and exculpation provisions and remands the case for further proceedings. We consider in this ...

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