Supreme Court Declines Case Over Texas Two-Step Bankruptcy Tactic

11 since 2017, following a corporate separation that made Bestwall liable for all of the conglomerate’s asbestos-related obligations.

When Georgia-Pacific filed for bankruptcy, the business was facing 64,000 claims that its drywall, ​wallboard, plaster, and other construction products contained asbestos and caused cancer.

The Supreme Court had earlier continue reading …