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Johnson & Johnson the Latest to Employ the “Texas Two-Step”

Plaintiff attorneys are grappling with the fear of the rise of big companies utilizing bankruptcy court to skirt large final or anticipated judgments. The most recent and high-profile example is Johnson & Johnson’s alleged attempt to utilize this move in its talc bankruptcy litigation.

6 minute read May 01, 2025 at 12:03 AM
By
Emily Cousins
Johnson & Johnson the Latest to Employ the “Texas Two-Step”

Plaintiff attorneys are grappling with the fear of the rise of big companies utilizing bankruptcy court to skirt large final or anticipated judgments.

This phenomenon is called the “Texas Two-Step,” and it's a concern for lawyers across the country.

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