Latest Edition of the ABI Law Review Features Articles on Consensual Third-Party Releases Following Purdue Pharma, Fraudulent Transfers and Sovereign Immunity, and Other Key Topics

LATEST EDITION OF THE ABI LAW REVIEW FEATURES ARTICLES ON Consensual Third-Party Releases Following Purdue Pharma , Fraudulent Transfers and Sovereign Immunity, AND Other KEY Topics

March 17, 2026, Alexandria, Va. - The Winter 2026 edition of the American Bankruptcy Institute (ABI) Law Review (Volume 34, No. 1) features four articles examining key issues in bankruptcy. The first article - by Prof. Lawrence Ponoroff, Dean Emeritus and Mitchell Franklin Professor of Law Emeritus, Tulane University Law School, and Professor of Legal Practice at the Wilmington University School of Law - examines how the U.S. Supreme Court reshaped the restructuring landscape with its ruling in the Purdue Pharma case in June 2024 that nonconsensual third-party releases are not authorized under the Bankruptcy Code. The decision, according to Ponoroff, left open the continued viability of consensual releases without defining what constitutes consent, creating an uncertainty that has spawned significant challenges for mass tort resolutions. His article addresses that gap by proposing a practical approach to consensual third-party releases that preserves chapter 11 as a viable and effective solution for mass tort cases in light of the Court's Purdue Pharma decision.

Other articles included in the Winter 2026 ABI Law Review include:

• "Fraudulent Transfers and Sovereign Immunity" by Prof. David Gray Carlson of the Benjamin N. Cardozo School of Law (New York).
• "The Case for Following Tradition: The Role of Judicial Approval for HSR Requests Amid Bankruptcy Proceedings," a student note by Hannah C. Stubbs of St. John's University School of Law (New York).
• "An Analysis of Courts' Applications of the SPhinX Factors to Determine a Debtor's Center of Main Interests ('COMI')," a student note by Eleanor Brennan Conlon of the St. John's University School of Law (New York).

ABI's Law Review, published in conjunction with St. John's University School of Law in Jamaica, N.Y., is among the most cited and respected scholarly publications in the bankruptcy community. Now in its 34th year, it has the largest circulation of any bankruptcy law review. Past issues of the Law Review have focused on a variety of timely insolvency issues, including chapter 11 reform, distressed sectors, single-asset cases, consumer bankruptcy, revised Article 9 of the Uniform Commercial Code and other topics.

Members of the press looking to obtain any of the articles from the Winter 2026 issue should contact John Hartgen at 703-894-5935 or [email protected].

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ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes nearly 10,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional information on ABI, visit www.abiworld.org. For additional conference information, visit http://www.abi.org/calendar-of-events.