The U.S. Supreme Court on Monday declined to take up a case involving the so-called "Texas two-step," a bankruptcy ​tactic ...

The so-called Texas Two‑Step is a restructuring strategy that uses Texas state divisional‑merger law to separate a company’s operating business from certain legacy liabilities, often those involving ...

Senator Slams 'Texas Two-Step' Bankruptcy Strategy Sen. Sheldon Whitehouse (D., R.I.) criticized how some profitable companies seek to shed liabilities through chapter 11 during a Senate hearing in ...

As far back as the Stone Age, humans started digging asbestos from cliffs or riverbeds. They mixed the fibrous silicate mineral into clay for pottery that could better withstand heat, and northerners ...