Section 1112(b) bad-faith dismissal has moved from procedural backwater to the front line of restructuring litigation, and the petition itself is now what gets tried. The Southern District of Texas dismissed Red River Talc's Chapter 11 on March 31, 2025, rejecting a $9 billion settlement and handing J&J its third Texas Two-Step defeat while commercial…
Craig A. Gargotta, Chief Judge · Layne Mustian, Law Clerk to Judge Gargotta · Gabrielle Resnick, Law Clerk to Judge Gargotta
United States Bankruptcy Court, Western District of Texas