What happens when a company facing billions of dollars in mass tort claims is still financially healthy—but turns to bankruptcy anyway? In this episode, I’m joined by plaintiff lawyer Adam Silverstein of Otterbourg to talk about the Texas two-step, a restructuring strategy that can move mass tort liabilities into a separate subsidiary, put that entity into Chapter 11, and shift thousands of claims from jury trials into bankruptcy court. We use Johnson & Johnson’s talc litigation as a jump...