A developer plans to convert a historic building in St. Charles into apartments. The former factory at the northeast corner of South 13th and Indiana avenues was built in 1904 for the Heinz Brothers Cut Glass Co. and later used as a lamp factory.
Corporations facing massive litigation are using a new legal strategy to avoid liability. It’s known as the Texas two-step. Step one: create a subsidiary and transfer a few assets and all the lawsuits. Step two: The subsidiary files for bankruptcy.