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Johnson & Johnson’s Texas Two‑Step: A Bankruptcy Strategy Under Scrutiny
An update to the Johnson & Johnson bankruptcy strategy of a divisive merger, AKA "Texas Two-Step" and a recent (January 2026) New Jersey court dismissal of plaintiff's suit for fraud.
The Texas Two-Step is Alive and Well…But a Judge Dismissed the J&J Bankruptcy Absent Financial Distress
Bankruptcy attorney Bill Siegel reviews the Third Circuit's take on the Johnson & Johnson litigation and the "Texas Two-Step."
The Texas Two-Step is Alive and Well
See a related update, published Feb. 16, 2023.
In re LTL Mgmt. LLC, No. 21-30589 (MBK) [Docket No. 1572] (Bankr. D.N.J. 2021)
Other than being a dance, what is […]

