Delaware bankruptcy cases included several of national prominence in 2016, as the U.S. Supreme Court and another federal appeals court looked at cases that could chart new territory; and parties to a prolonged Chapter 11 proceeding finally reached a high-profile settlement that closed the book on one of the most expensive—and messiest—bankruptcies in recent years.
In Czyzewski v. Jevic Holding, the U.S. Supreme Court in December heard arguments in a case that could alter the way bankruptcy courts approach structured dismissals that clash with an established rule that gives creditors priority over shareholders in the event of liquidation.
