Tide May Be Turning On Texas Two-Step Bankruptcy Strategy

Gunnar Larson g at xny.io
Thu Jul 20 03:27:26 PDT 2023


Tide May Be Turning On Texas Two-Step Bankruptcy Strategy

Recent developments in several high-profile bankruptcy cases suggest that
the use of the Texas Two-Step to shield solvent companies from tort claims
may be falling out of favor, but until the U.S. Supreme Court hears one of
these cases the strategy will remain divisive and the subject of increased
scrutiny, say attorneys at Rivkin Radler.

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https://www.law360.com/governmentcontracts/articles/1701203?nl_pk=fa7fa7d8-3934-42fd-968e-f97c82b7dc8f&utm_source=newsletter&utm_medium=email&utm_campaign=governmentcontracts&utm_content=2023-07-20&read_main=1&nlsidx=0&nlaidx=13
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