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Today, Explained

Johnson & Johnson’s “bankruptcy”

Today, Explained

Vox

News, Daily News, Politics

4.310.3K Ratings

🗓️ 22 September 2022

⏱️ 25 minutes

🧾️ Download transcript

Summary

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 Laura Bullard, engineered by Paul Robert Mounsey, and hosted by Noel King. Transcript at vox.com/todayexplained   Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Attention Talcompatter users.

0:03.2

If you are a loved one, use Talcompatter products like Johnson's Baby Powder or Shower to

0:07.9

Shower Powder and were diagnosed with ovarian cancer.

0:11.7

You may be entitled to substantial financial compensation.

0:17.1

For years, lawsuits against Johnson and Johnson have piled up.

0:21.0

For years, the company has denied its baby powder caused cancer.

0:25.2

And eventually, it found a way to shunt off its legal liability.

0:29.7

This week, a panel of judges in Affiliate Peel's Court pressed J&J over the way it went

0:34.5

about that.

0:35.5

Facing tens of thousands of lawsuits, the company spun off a new unit and siloed the suits

0:40.8

into it.

0:42.0

That unit then immediately filed for bankruptcy.

0:44.8

Coming up on today, explained what this might mean for people seeking justice.

0:49.3

I hope no woman has to go through this.

0:52.6

It really changes your life, your family.

0:55.8

It should not happen to anybody.

1:01.5

Support for today's show comes from Slack.

1:03.8

A digital HQ in Slack brings your teams, partners and tools together in one space.

1:09.6

Slack helps companies stay flexible, accelerate projects and keep teams aligned.

1:14.6

So work just works.

1:16.6

How exactly?

1:18.4

Organised projects in channels work across time zones with huddles and clips and even

...

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