A Texas Two-Step Bankruptcy helps companies manage legal liabilities. Discover its process, criticisms, and a detailed example with Johnson & Johnson.

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Forbes contributors publish independent expert analyses and insights. Scott Hutcheson teaches leadership at Purdue University. In the fast-moving, disruption-heavy environment most of us are currently ...

A claimants committee had petitioned to dismiss the bankruptcy of Bestwall, a Georgia-Pacific subsidiary created through a 'Texas two-step' to resolve 60,000 lawsuits over asbestos exposure. A ...

A controversial technique used by Kansas Highway Patrol troopers to extend traffic stops and eventually search vehicles has been upheld by a state appeals court even as the issue is being litigated in ...

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(CN) — It’s called the “Kansas Two-Step,” but it’s not a dance, at least in the literal sense. It’s a maneuver where the state trooper during a traffic stop turns away from the driver’s door, and then ...