How a bankruptcy innovation halted sick plaintiffs’ lawsuits

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Four companies, led by one lawyer, have used the ‘Texas two-step,’ a legal ‘innovation’ to divert tens of thousands of lawsuits into bankruptcy court — without filing Chapter 11 themselves via SpecialReports

Four companies, led by one lawyer, have used the 'Texas two-step' to divert tens of thousands of lawsuits into bankruptcy court – without filing for Chapter 11 themselves. Now, a whistleblower is providing insight into the secretive process.

 

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