Podknife - The 'Texas two-step': A controversial legal strategy to avoid corporate liability by On Point

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The 'Texas two-step': A controversial legal strategy to avoid corporate liability

Podcast |: On Point
Publisher |: NPR,; WBUR
Media Type |: audio
Podknife tags |: News & Politics,; Society & Culture
Categories Via RSS |: Daily News,; News
Publication Date |: Oct 20, 2022
Episode Duration |: 00:47:22

Corporations facing massive litigation are using a new legal strategy to avoid liability. It’s known as the Texas two-step. Step one: create a subsidiary and transfer a few assets and all the lawsuits. Step two: The subsidiary files for bankruptcy. Rob Rasmussen, Mike Spector and Leigh O'Dell join Kimberly Atkins Stohr.

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