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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 oldest federal civil building in Texas, the 1861 Customs and Courthouse in Galveston, once housed the Southern District of Texas. Federal Courthouse in Galveston that housed the court & its predecessor, from 1891–1917 [2] Since its foundation, the Southern District of Texas has been served by forty-one District Judges and six Clerks of Court.
In November 2000, Pillowtex filed for Chapter 11 bankruptcy protection. At the time, annual sales were $1.4 billion. The company arranged for debtor-in-possession financing of $150 million from the Bank of America and other lenders. [5] In May 2002, Pillowtex briefly surfaced from bankruptcy for little more than a year, but things kept sliding.
The oldest federal civil building in Texas, the 1861 Customs and Courthouse in Galveston, housed headquarters for the Eastern District of Texas between 1861–1891. Federal Courthouse in Galveston that housed the Eastern District court from 1891–1902, when the Southern District of Texas was created.
A Johnson & Johnson subsidiary filed for bankruptcy for a third time on ... New Brunswick New Jersey-based J&J is attempting again to end the litigation in a so-called “Texas two-step” bankruptcy.
The bankruptcy only impacts the 39 U.S. company-owned TGI Fridays locations, leaving the bulk of the brand—over 460 franchised locations in 41 countries—open and unaffected.
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