Gaming the System? Inside the Texas two-step strategy profitable companies use to file for bankruptcy abajournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abajournal.com Daily Mail and Mail on Sunday newspapers.
2nd Circuit Dist of New Jersey Bankruptcy case of LTL Management, a Johnson & Johnson J&J subsidiary was filed in good faith Chapter 11 case addressing more than 38,000 eking to address more than 38,000 ovarian cancer and mesothelioma claims.
In recent weeks, a move dubbed the Texas Two-Step has leaped from coverage first in publications geared only for the professional restructuring community, then to the mainstream press, then to hearings before the United States Senate Judiciary Committee,