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Full 4th Circ. Urged To Settle Key 'Texas Two-Step' Questions

By Clara Geoghegan (May 10, 2024, 8:18 PM EDT) -- A Fourth Circuit panel left critical issues open when it denied permission to an appeal challenging the so-called Texas two-step Chapter 11 of industrial equipment maker Aldrich Pump, asbestos claimants in two separate bankruptcy cases said, asking the full appeals court to reconsider hearing the case and settle questions that have plagued their own bankruptcies in the Western District of North Carolina....

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