A Texas Two-Step Bankruptcy helps companies manage legal liabilities. Discover its process, criticisms, and a detailed ...

A claimants committee had petitioned to dismiss the bankruptcy of Bestwall, a Georgia-Pacific subsidiary created through a 'Texas two-step' to resolve 60,000 lawsuits over asbestos exposure. A ...

Attorney Greg Gordon sat before a packed hotel ballroom of bankruptcy lawyers who had come to hear him hold court on his pioneering strategy for companies seeking to dodge billion-dollar lawsuits: the ...

A bipartisan group of lawmakers proposed legislation on Capitol Hill to prevent well-off corporations from using bankrupt shell companies to resolve lawsuits. Introduced July 23, the Ending Corporate ...

Forbes contributors publish independent expert analyses and insights. Scott Hutcheson teaches leadership at Purdue University. In the fast-moving, disruption-heavy environment most of us are currently ...