Prison health-care company Tehum Care Services Inc. secured bankruptcy court approval of its restructuring plan and $75 million settlement with creditors, including personal injury claimants.
Tehum, owned by Corizon Health Inc., was one of a handful of companies attempting to use the controversial legal maneuver known as the Texas Two-Step when it first filed for bankruptcy in 2023. While the strategy, which spins off liabilities from a parent company into a shell unit, was initially opposed by current and former prisoners holding tort claims, a committee representing those creditors signed onto the deal last year.
With the nod of Judge ...