Editor
A courtroom loss by Johnson & Johnson is threatening a legal manoeuvre developed by a handful of the most profitable companies in the world to fight lawsuits.
A federal appeals court in Philadelphia found that J&J is too rich to use bankruptcy to resolve more than 40,000 cancer claims over its baby powder. The company has vowed to appeal in order to preserve a legal tactic known to critics as the Texas Two-Step that has been tried by…
