( April 14, 2026, 4:03 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court should put an end to the “Texas Two-Step,” under which large corporations use the Lone Star State’s divisional merger laws to create an affiliate, transfer all of the company’s asbestos liabilities to the spinoff and then have the debt-laden new company file for bankruptcy protection, asbestos creditor committees in two such bankruptcy cases tell the court in an amicus curiae brief in support of a petition for a writ of certiorari filed by the claimant committee in the Texas Two-Step Chapter 11 case of Georgia-Pacific spinoff Bestwall LLC....