Bulk

Legal Expert Sheds Light on How Businesses Utilize Bankruptcy Strategy to Address Bulk Tort Litigations

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Cambridge, MA — Corporate America is increasingly turning to a contentious strategy known as “Texas two-step” bankruptcy to manage liabilities from mass tort claims, often involving allegations of harm caused by companies’ products. Experts at Harvard Law School explain that this legal maneuver allows companies to separate their liabilities from their assets, potentially shielding them from significant financial fallout while claimants may find themselves facing complex legal battles. The “Texas two-step,” named for its use of Texas business laws, involves a company creating a separate entity into which liabilities are transferred. This subsidiary then files … Read more

Costco Clarifies Misinformation: No Bulk Baby Oil Purchased by Diddy, Despite Lawyer’s Claims

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In a surprising turn of events, a spokesperson from Costco has officially denied claims made by Marc Agnifilo, the defense attorney for the well-known rapper Sean “Diddy” Combs, regarding the purchase of baby oil in bulk from their stores. This contradiction arises amidst serious criminal charges facing the rapper, including allegations of sex trafficking and racketeering. The controversy ignited when U.S. prosecutors alleged finding over a thousand bottles of baby oil at Combs’s residences, which they claim were used during illicit parties. In defense, Agnifilo suggested that his client frequently purchased the oil in large … Read more