> Also am I reading this right? J&J formed a subsidiary that’ll absorb these liabilities? How is that legal? What happens if that subsidiary disappears? Couldn’

> Also am I reading this right? J&J formed a subsidiary that’ll absorb these liabilities? How is that legal? What happens if that subsidiary disappears? Couldn’t any company conceivably let go of their liabilities by putting it in some other company? Also know as the Texas two-step. https://en.wikipedia.org/wiki/Texas_two-step_bankruptcy https://en.wikipedia.org/wiki/Texas_two-step_bankruptcy