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Best Of: Inside Johnson & Johnson’s bankruptcy two-step

Behind the Money

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The Texas Two Step Manipulation: A New Way to Use the Bankruptcy System

Jones Day is one of the largest law firms in the country. Records show that Jones Day has claimed more than $70 million in court approved bankruptcy fees from these four companies. The question is, will the courts tell them and their clients that this is wrong? Or are they pioneering a new way to use the bankruptcy system?

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