Bestwall Says 'Texas Two-Step' Irrelevant To Asbestos Ch. 11

By Vince Sullivan (March 22, 2024, 8:18 PM EDT) -- Bestwall, the bankrupt asbestos unit of Georgia-Pacific, told the U.S. Supreme Court Friday that a pre-bankruptcy corporate restructuring in Texas that separated its asbestos liability from the parent business should not matter in determining whether a bankruptcy court has jurisdiction over the subsidiary's asbestos injury claims....

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