Texas Two-Step of Tort Liability (J&J)

American Bankruptcy Institute Annual Spring Meeting
  • Date & Time
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    JW Marriott

    Washington, DC
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ArentFox Schiff Partner Jeffrey R. Gleit will be one of the featured speakers on a panel titled Texas Two-Step of Tort Liability (J&J) during the American Bankruptcy Institute's Annual Spring meeting on Friday, April 29 at 10:00 am.

Over the past decade, companies burdened with significant asbestos and other tort liability have utilized the so-called “Texas Two-Step” strategy to separate those tort liabilities from core assets and resolve them through the chapter 11 bankruptcy process. This session will cover isolating liabilities to preserve ongoing value with mass torts and corporate side changes, and subsequent bankruptcy issues, including venue, ongoing operations, valuations and third-party releases.


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