The US Supreme Court [official website] on Wednesday heard oral arguments [day call, PDF] in Czyzewski v. Jevic Holding Corporation [SCOTUSblog materials], a case that will determine whether the "structured dismissal" settlement plan for Chapter 11 bankruptcy proceedings is permissible despite violating the statutory priority scheme.

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The Supreme Court is scheduled to hear oral arguments in Czyzewski v. Jevic Holding Corp. on November 28. In this week’s posts, Bruce Grohsgal argues in favor of structured dismissals in his forthcoming article, and Melissa Jacoby and Jonathan Lipson , in an amicus brief signed by several law professors, argue that the Court should reject the structured dismissal in this case as a violation of absolute priority.

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How The US Supreme Court Is Resurrecting The Spirit Of Anna Nicole Smith Yet Again. America’s highest court is hearing a complex bankruptcy case that will examine unresolved issues from a 2011 supreme court dispute involving Smith’s estate, as Erwin Chemerinsky points out in the National Law Journal. The 2011 case was Stern v.

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