Bankruptcy

Bankruptcy and the Billion Dollar Baby Powder

Bankruptcy and the Billion Dollar Baby Powder

Johnson & Johnson has been a household name from, band-aids to baby powders and the Covid-19 vaccine over the years. Lately, they have become a bigger name in lawsuits due to their talc-based baby powder. Senior staffer, Nicola Peters, analyzes Johnson &Johnson’s new bankruptcy legal strategy known as the Texas Two-Step. Peters argues that this strategy is highly problematic and should not proceed.