Chris Tisi walks through the long-ongoing case against Johnson and Johnson for the myriad health defects that came from the talc in their Baby Powder formula...
It's a legal maneuver to protect company assets from lawsuits by spinning off the liable parts of the company from the parts that hold the valuable assets.
Can I get a summary? Too long; didn't watch.
I didn't watch it, but I'm fairly sure it's about this:
https://en.wikipedia.org/wiki/Texas_two-step_bankruptcy
It's a legal maneuver to protect company assets from lawsuits by spinning off the liable parts of the company from the parts that hold the valuable assets.
The Texas two step could be a dance. And in a way - it is.