The Texas Two-Step: J&J's Legal Shield

This chapter delves into Johnson & Johnson's controversial Texas Two-Step strategy, which allows the company to separate its liabilities into a newly formed entity that files for bankruptcy. By doing so, J&J aims to halt ongoing personal injury claims while protecting its profitable operations, sparking debates about the ethical implications of this legal approach. The discussion also highlights the broader context of corporate strategies to manage liabilities and the recent judicial rulings affecting such maneuvers.