Judd Legum

@JuddLegum ↗

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Last Checked June 19, 2022

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Tue May 31 12:58:02 +0000 2022

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Judd Legum @JuddLegum

11. Some members of Congress, including @DickDurbin and @SenWhitehouse, are considering proposing legislation to outlaw the Texas two-step. There was a hearing in February. But, thus far, no bill has been introduced. https://t.co/p6whL6Nc5E — PolitiTweet.org

Posted May 31, 2022

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Judd Legum @JuddLegum

10. This kind of phony bankruptcy, called the "Texas two-step" was pioneered in 2017 by @KochIndustries, which used it to offload asbestos liability from its Georgia-Pacific subsidiary. It paid lawyers from @JonesDay millions to execute the scheme https://t.co/p6whL6Nc5E — PolitiTweet.org

Posted May 31, 2022

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Judd Legum @JuddLegum

@DickDurbin @SenWhitehouse 12. The fees that @neal_katyal wants to charge for this case ($2500/hour) are so egregious that it prompted a rare objection from the DoJ bankruptcy watchdog. The DoJ notes that Katyal wants to charge $1100 MORE to work on this case than the other extremely expensive lawyers https://t.co/ni9V8Rwwsa — PolitiTweet.org

Posted May 31, 2022