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Texas two-step proponents, like Johnson & Johnson and its lawyers, have argued that Texas two-steps are not inherently bad-faith, and that in the context of mass-tort litigation bankruptcy is fairest way to address large numbers of personal injury claims. Unlike in traditional courts hearing cases brought by many different people, bankruptcies ...
The "Texas two-step" strategy takes advantage of state laws that allow for the transfer of liabilities through a so-called divisive merger, which is a way to separate a company's operations into ...
The Texas two-step or country-western two-step is a dance. Texas two-step may also refer to: Texas two-step bankruptcy, a bankruptcy strategy; Texas Two Step (lottery), a drawing operated by the Texas Lottery; Texas caucuses, the second half of a two-step presidential primary system
The Texas Democratic Party abandoned the former caucus-based "Texas Two-step" primary system in 2015. [2] The Democratic County (Senate District) Conventions in late March 2008 produced a great deal of confusion. Both Clinton and Obama supporters had complaints about how these conventions were conducted.
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The step transaction doctrine is a judicial doctrine in the United States that combines a series of formally separate steps, resulting in tax treatment as a single integrated event. The doctrine is often used in combination with other doctrines, such as substance over form .