Inside Johnson & Johnson’s bankruptcy two-step

Inside Johnson & Johnson’s bankruptcy two-ste...

Up next

South Sea Bubble: the shoemaker’s son who sparked Britain’s first financial crisis

In 1720, the South Sea Company was one of the most valuable businesses in Britain until a spectacular collapse in its publicly traded shares triggered the country’s first major stock market crisis. At the centre of the story was John Blunt, a shoemaker’s son who rose through the ...  Show more

The 1980s Garfield buyout that changed corporate finance

William E Simon was a bond trader-turned US cabinet secretary under President Richard Nixon. He was also abrasive, polarising and the “father of private equity”, according to Hettie O’Brien, author of The Asset Class: How Private Equity Turned Capitalism Against Itself. She tells ...  Show more

Recommended Episodes

Johnson & Johnson’s “bankruptcy”
Today, Explained

Thousands of people say Johnson & Johnson’s baby powder gave them cancer. They’re suing — but the consumer giant is using a bankruptcy strategy called the “Texas two-step” to limit its liability. This episode was produced by Avishay Artsy, edited by Matt Collette, fact-checked by ...  Show more

How The Wealthiest Corporations Are Dodging Lawsuits Through Bankruptcy
Consider This from NPR

Thousands of people who claim Johnson & Johnson baby powder caused them to develop cancer cannot sue the company, which used a controversial legal maneuver in bankruptcy court to freeze lawsuits against it.NPR's Brian Mann explains. More from his reporting here. Additional report ...  Show more

J&J Attempts a “Texas Two-Step”
Motley Fool Hidden Gems Investing

Johnson & Johnson proposes a $9 billion settlement and Chewy hits a speedbump. (00:21) Dylan Lewis and Tim Beyers discuss: - The fallout from Johnson & Johnson's talc settlement. - What the lawsuit could mean for J&J's spinoffs. - Why the US Department of Justice is taking a look ...  Show more

Ep. 217: Discovery Debacle At Arnold & Porter
Law360's Pro Say - News & Analysis on Law and the Legal Industry

Endo Pharmaceuticals and its attorneys at Arnold & Porter are facing accusations of serious discovery misconduct during opioid litigation across the country, threatening the company with huge liability and the lawyers with reputational damage. On this week’s show, we break down t ...  Show more