4th Circ. 'Haven' Sets Up High Court Test On Texas Two-Step

By Ben Zigterman · November 12, 2026, 8:37 PM EST

With critics of the Texas two-step again asking the U.S. Supreme Court to weigh in on the maneuver where companies saddle a spinoff with liabilities, they are highlighting a circuit split...

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Case Information

Case Title

Michael Herlihy, et al., Petitioners v. DBMP, LLC

Case Number

26-394

Court

Supreme Court

Nature of Suit

3422 Bankruptcy Appeals Rule 28 USC 158

Date Filed

September 22, 2026