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The Texas Two-Step: Corporate Strategy or Legal Loophole?


In the latest episode of “Know More. Risk Better.,” host Winnie Cisar and Special Situations Legal Research Head Mark Lightner delve into the complexities of mass torts and bankruptcy, focusing on high-profile cases like Purdue Pharma’s. They unravel the impacts of third-party releases and the controversial Texas Two-Step strategy for companies facing mass tort liabilities. This episode is a must-listen for anyone interested in how landmark legal battles shape creditworthiness for companies with mass tort exposure.


Winnie Cisar, CFA
Global Head of Strategy

Mark Lightner, Esq.
Head of Special Situations Legal Research

Know More. Risk Better.®

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