The Artful Dodgers 0
At The Pittsburgh Post-Gazette, David Mills explains the “Texas Two-Step,” a strategy available to corporations to avoid accountability for their actions. Here’s a bit:
Settling all these cases could have cost the company a huge amount of money, given how much was known so long ago about the effects of asbestos and how brutal is the cancer, mesothelioma, it causes. And the legal fees, holy cow, they’d be huge too even if the company won every case.
What does unscrupulous corporation do when faced with such possible losses? Does it man up, as people used to say? Does it take responsibility? No. It uses a legal maneuver called “the Texas two-step,” created in Texas because it’s Texas, that lets the company split off a new part of itself, making that part solely liable for the lawsuits.
