Jeffrey M Rosenthal and Vincent J. Roldan of our Bankruptcy and Creditors’ Rights and Banking and Financial Services practice groups explore the Chapter 11 filing by a subsidiary of J&J in this article in the New Jersey Law Journal.
The company used a corporate restructuring strategy known as the “Texas Two Step.” The issue that will be in front of the New Jersey bankruptcy court — Is the restructuring strategy a proper use of bankruptcy code?
Get their take by reading more here.