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Bestwall Bankruptcy Ruling Brings Long-Term Impact to Asbestos Claims On August 1, 2025, the U.S. Fourth Circuit Court of Appeals upheld the Bestwall bankruptcy, giving Georgia-Pacific’s asbestos spinoff the green light to stay in Chapter 11. With wide reaching implications beyond asbestos litigation, the court confirmed that bankruptcy protection is not limited to distressed companies—meaning …
The Texas Two-Step bankruptcy strategy is a controversial legal maneuver that some large corporations have attempted to shield themselves from massive liability claims—without having to declare full corporate bankruptcy. The name comes from a two-step process that’s legal under Texas law, allowing a company to split into two entities, place all legal liabilities in one, …
In a monumental decision that could permanently reshape corporate accountability in mass tort litigation, a Houston bankruptcy court rejected Johnson & Johnson’s (J&J) $10 billion talc settlement plan. The ruling, handed down by U.S. Bankruptcy Judge Christopher Lopez on March 31, 2025, has not only thrown J&J’s litigation strategy into disarray but also restored the …
Johnson & Johnson (J&J), a multinational corporation renowned for its healthcare products, has recently concluded a pivotal bankruptcy trial concerning its proposed $9 billion settlement to address thousands of lawsuits alleging that its talc-based products caused cancer. This trial, held in Houston, has significant implications for both the company and the claimants seeking justice. For …
