• <a fr-original-style="" href="https://www.bloomberg.com/news/articles/2022-02-13/j-j-starts-trial-on-bankruptcy-strategy-under-attack-by-congress" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Johnson &amp; Johnson</a> had its first day in court on Monday to defend its use of a "Texas Two-Step" maneuver that allowed them to dodge thousands of plaintiffs' cases claiming the company's products, namely its famous baby talc powder, gave them cancer.<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">What happened: J&amp;J's maneuver, called "Project Plato", consists of the consumer goods giant forming a new branch, deeming it liable for all the charges it faces, and claiming its bankruptcy with the promise that it would pay $2 billion (€1.7 bn) in damages to the plaintiffs — practically capping the damage payouts.</li><li fr-original-style="" style="box-sizing: border-box;">A step back: The company tried to block the publication of a <a fr-original-style="" href="https://www.reuters.com/business/healthcare-pharmaceuticals/jj-tried-get-federal-judge-block-publication-reuters-story-2022-02-04/" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Reuters story</a> revealing malpractices in the company's damages cases by petitioning a court order, the Reuters reported last week.</li></ul>

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