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Which company will be the next to use the 'Texas two-step' bankruptcy strategy by Dec 31, 2024?
3
Resolution / Starting Odds
Johnson & Johnson • 25%
Purdue Pharma • 25%
Mallinckrodt Pharmaceuticals • 25%
Other • 25%
Company announcements or court filings
Story
YesCare Reaches $75M Settlement in Tehum Care Bankruptcy, a Texas Two-Step Success
Jul 18, 2024, 01:28 PM
YesCare has reached a $75 million bankruptcy settlement with creditors in the Tehum Care Services (formerly Corizon) bankruptcy proceedings. The settlement will address lawsuits accusing Tehum Care of providing inadequate medical care to prisoners. YesCare applauds the agreement, which marks a rare success for the 'Texas two-step' bankruptcy strategy.
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Settlement approved • 25%
Settlement rejected • 25%
Settlement modified • 25%
Case ongoing • 25%
Yes • 50%
No • 50%
Private Equity Firm • 25%
Competitor in the same industry • 25%
Technology company • 25%
Other • 25%
Emerges successfully • 25%
Acquired by another company • 25%
Liquidation of assets • 25%
Other outcome • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Acquired by another company • 25%
Reorganizes and continues operations independently • 25%
Liquidates assets • 25%
Other • 25%
Approval of a new plan • 25%
Sale of significant assets • 25%
Merger with another entity • 25%
Other • 25%
Company is sold • 25%
Company is restructured and continues operations independently • 25%
Company is liquidated • 25%
Other • 25%
