Inside Johnson & Johnson’s bankruptcy two-step
Behind the Money
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Johnson and Johnson - The Texas Two Step
The jury awarded val 27 million dollars. The decision wouldn't change val's condition, but he knew that at least his wife, holly and his family would be taken care of after he dies. It turns out that johnson and johnson has undergone a unique legal manoeuvre known as the texas two step. They say it provides for a more stream line, an equitable way to address thousands of these sorts of lawsuits. Critics argue that it's slowing down justice and that it's taking away people's right to having their day in court. Other companies are watching johnson andjohnson to see how their case will play out.
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