​​​​​​​'Two-Step' Bankruptcies Abuse Law, AGs Tell Justices

By Vince Sullivan (January 23, 2024, 6:34 PM EST) -- Attorneys general from 24 states and the District of Columbia told the U.S. Supreme Court on Monday that divisional mergers that manufacture jurisdiction for bankruptcy purposes shouldn't be allowed, writing in an amicus brief that Georgia-Pacific asbestos unit Bestwall employed the tactic to shield the parent from liability....

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