I was going to mention what I thought was a similar misuse but, when I looked it up, the usage was correct, if infrequently used here.
The bankruptcy filing by General Motors was being discussed on NPR and the host was questioning a British auto expert about GM's chances. The expert said UK officials had once sought to have British automakers join to make one big company (something I had never heard of, so believe it at your peril). He said the "successful companies and the lame duck companies" held talks related to the merger.
I thought the term "lame duck" only applied to elected officials (which is how we would use it here in the States) but have learned it also applies to ineffectual or disfunctional entities. That something new for me today.
I heard that report too, and it seemed odd to me also. I also thought it odd that he praised BMW for carrying on with the Mini. The BMW Mini has nothing except the name in common with the brilliantly designed/poorly executed original British Motor Corporation Austin/Morris vehicle. Some expert he is! Harrrumpff!