PHI, Inc. – U.S. Trustee Objects to Disclosure Statement as Release and Exculpation Clauses Continue to Draw Fire

May 30, 2019 – The U.S. Trustee assigned to the PHI, Inc. cases objected [Docket No. 576] to the Debtors' Disclosure Statement, raising concerns about "impermissible release and exculpation provisions" included in the Debtors' Plan and Disclosure Statement; concerns amplified by the Debtors' choice of "opt-out" releases….and yet further exacerbated as to crammed down classes…