'Texas two-step' called misuse of bankruptcy process – Minnesota Lawyer
The controversial strategy, devised by Dallas-based Gregory M. Gordon, has meant big bucks for his firm, Jones Day.
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The controversial strategy, devised by Dallas-based Gregory M. Gordon, has meant big bucks for his firm, Jones Day.
DEPOSIT PHOTOS Boston plaintiffs’ attorney Michael C. Shepard has been tangoing with what has become known as the “Texas two-step” on behalf of asbestos and talc victims for some time, and he doesn’t expect the music to stop any time soon. The “Texas two-step” is a legal strategy by which a company facing significant mass
Bruce Bennett, a partner in the Los Angeles and New York offices, has been at the helm of many of the largest corporate reorganizations in the United States.
Chambers USA 2022 ranks leading Jones Day practices and lawyers.
Attorneys representing the bankrupt talc unit of Johnson & Johnson summed up their case Friday in defense of its Chapter 11 filing, telling a New Jersey bankruptcy judge that if the proceedings are dismissed, most talc claimants will face unacceptable delay and risk in the tort system.