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Podcast: FICC Focus
Episode: Jacoby on Purdue’s Impact; Uptier Rows: State of Distressed Debt
Description: US Supreme Court Justice Brett M Kavanaugh would have a “great career as a restructuring professional,” according to University of North Carolina at Chapel Hill law professor Melissa B. Jacoby, as his Purdue Pharma 54-page dissent mirrored many bankruptcy lawyers’ skepticism regarding the US trustee’s arguments. In this episode of Bloomberg Intelligence’s State of Distressed Debt podcast, part of the FICC Focus series, BI bankruptcy litigation analyst Negisa Balluku interviews Jacoby, author of the new book Unjust Debts, on the impact of the Supreme Court’s Purdue decision on mass tort bankruptcies, including lingering questions about the future signi...