Radio Shack – Another Large Corporate Bankruptcy Snubs Texas Courts
Radio Shack is the latest in a growing number of financially troubled North Texas corporations, including Energy Future Holdings and American Airlines, to go outside the state to restructure its business operations. General counsel for the companies that snubbed Texas bankruptcy courts say they did so because the judges in Delaware and the Southern District of New York are more experienced and more predictable in handling large complex corporate restructurings. But legal experts say none of it is true.