Senate Judiciary Committee Chairman Senator Richard Durbin (D-IL) on Wednesday, May 17, 2023. Photo: Diego M. Radzinschi/ALM Three Senators and 25 States Ask SCOTUS to End 'Texas Two-Step' Bankruptcies
The amicus briefs, filed on Monday, support a petition from an claimants committee in the Bestwall LLC bankruptcy for the U.S. Supreme Court to reverse an injunction order blocking mesothelioma victims from pursing their asbestos lawsuits.
January 23, 2024 at 07:12 PM
5 minute read
The original version of this story was published on Law.com
Three members of Congress and 25 states pushed the U.S. Supreme Court to take up a controversial corporate tactic used in mass tort bankruptcies called a "Texas two-step" merger.
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