The Texas Two-Step and Johnson & Johnsons Baby Powder
What\u2019s safer than baby powder? Parents have been trusting Johnson & Johnson for over 100 years to powder their baby\u2019s bottoms.\nYet, numerous studies have revealed the presence of trace amounts of asbestos in this talc-based powder. Thousands of parents now claim that this asbestos is responsible for their cancers. A Reuters\xa0investigation\xa0catalogued this evidence and the fact that J&J knew about the asbestos since the 1950s, yet continued to sell the powder.\xa0\nJohnson & Johnson is proposing a $9 billion dollar\xa0settlement\xa0for the over 38,000 lawsuits brought and all claims into the future. However, it depends on the courts accepting a controversial bankruptcy procedure called \u201cthe Texas Two-Step.\u201d This strategy is being used to address a raft of personal injury complaints against a number of companies, but critics call it nothing more than a \u2018sham bankruptcy\u2019 that is being used to let corporations off the hook.\nSUPPORT THE SHOW\nYou can support the show for free by following or subscribing on\xa0Spotify,\xa0Apple Podcasts, or whichever app you use. This is the best way to help us out and it costs nothing so we\u2019d really appreciate you clicking that button.\nIf you want to do a little more we would love it if you chip in. You can find us on\xa0patreon.com/dartsandletters. Patrons get content early, and occasionally there\u2019s bonus material on there too.\nABOUT THE SHOW\nFor a full list of credits, contact information, and more,\xa0visit our about page.\nLearn more about your ad choices. Visit megaphone.fm/adchoices\nSupport our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/law