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Best Of: Inside Johnson & Johnson’s bankruptcy two-step
Behind the Money
The Texas Two Step
The jury awards Val $27 million. 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. But two days later, Val gets another surprise: Johnson and Johnson has undergone a unique legal maneuver known as the Texas Two Step. Part of that maneuver involved hitting pause on all ongoing litigation it had with its creditors,. And this means that after all this time, Val's verdict is now up in the air.
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