Juno’s Bankruptcy Plan Approved After Release Language Tweak

New York-based ride-share service Juno USA LP is set to emerge from bankruptcy after tweaking its Chapter 11 plan to include required changes related to third-party litigation releases and language protecting company fiduciaries.

Judge Mary Walrath of the U.S. Bankruptcy Court for the District of Delaware signed an amended plan confirmation order after conditionally denying Juno’s reorganization. The judge had said that Juno must add specific exceptions to the language releasing potential claims against non-bankrupt parties involved in the case.

The updated order signed March 25 prevents impaired creditors that didn’t vote on the plan or didn’t check a box ...