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LegalFinanceMost recentMay 11, 202632 min read

Shell Games: The Texas Two-Step and the Corporate Escape

A legal and financial analysis of the Texas Two-Step bankruptcy maneuver, tracing mass-tort bankruptcy history, divisive mergers, shell debtors, funding agreements, and corporate incentives behind liability isolation.

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Research with conviction

Front Circle Research was founded on a simple belief: institutional-quality analysis should be accessible, precise, and independent. We combine rigorous quantitative methods with deep sector expertise to deliver research that cuts through noise and illuminates what matters.

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