Why the 'Texas Two-Step' might be Johnson & Johnson's secret weapon : Planet Money : The Indicator from Planet Money For years, Johnson & Johnson has been entangled in lawsuits regarding its talcum based products being linked to causing ovarian cancer. And to save itself from future lawsuits, the company is betting big on a tricky legal move named after a famous dance.

J&J tries the 'Texas Two-Step'

J&J tries the 'Texas Two-Step'

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Justin Sullivan/Getty Images
SAN ANSELMO, CALIFORNIA - NOVEMBER 12: In this photo illustration a bottle of Johnson & Johnson baby powder is displayed on a table on November 12, 2021 in San Anselmo, California. Johnson & Johnson announced plans to split its pharmaceutical and medical devices divisions and consumer products into two publicly traded companies. (Photo Illustration by Justin Sullivan/Getty Images)
Justin Sullivan/Getty Images

Even though the Johnson & Johnson company is based in New Jersey, it went all the way down to Texas to test out a tricky move known as the 'Texas Two-Step.' And while the famous dance might be simple to learn, J&J's version is a little complicated.

J&J is facing ongoing lawsuits and in response to a potentially company-swallowing litigation, it's trying an obscure corporate shuffle called the 'Texas Two-Step.' Question is: can they even do that?

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