Houston Principal John Sparacino recently spoke with The National Law Journal regarding the validity of the “Texas two-step” following the Fourth Circuit’s divide on the bounds of Chapter 11 protections. John said, “The Texas two-step and the use or attempted use of bankruptcy processes to deal with mass tort litigation situations, I think this [Fourth Circuit opinion] is just manifesting that it’s a very complex and divisive issue.” Click here to read the full article.
